Retail sales bounced back strongly in April as shoppers finally opened their wallets in a sign the economy may pick up after a weak first quarter.
Overall sales jumped 1.3%, their biggest rise since
March 2015, because of higher gasoline prices and a surge in auto
sales, the Commerce Department said Friday. Economists expected a 0.8% rise.
Excluding gasoline and autos, shopper purchases still increased 0.6%, more than the 0.3% economists expected... . . more