April Retail Sales Come In Line With Expectations ... - Business Insider

April retail sales came in line with expectations rising 0.1 percent month-over-month (MoM).

Less autos and gas retail sales climbed 0.1 percent, missing expectations.

Retail sales were up 6.1 percent from last year.

Expectations: Consensus is for 0.1 percent MoM increase in auto sales.

Analysts polled by Bloomberg expect a 0.2 percent increase in retail sales less autos, and 0.3 percent increase in retail sales ex-autos and gas.

Analysis: Investors look at this number because consumer spending is said to account for 70 percent of GDP, though some argue its much lower.

Here's a look at how retail sales compared with last month and last year:

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