• U.S. retail sales were unexpectedly flat in April as higher gasoline prices pulled spending away from other goods, indicating that consumer spending was losing momentum.
• The unchanged reading in retail sales last month followed a slightly downwardly revised 0.6% increase in March, the Commerce Department’s Census Bureau said on Wednesday. Retail sales were previously reported to have risen 0.7% in March.

https://www.reuters.com/markets/us/us-retail-sales-unexpectedly-flat-april-2024-05-15/