3 ETF Areas to Win Despite Flat Retail Sales in April

Retail sales in April remained unchanged, contrasting with a 0.6% increase in March and defying the 0.4% rise anticipated by economists, as reported by Bloomberg, quoted on Yahoo Finance. This unexpected stagnation in consumer spending indicates a possible shift in consumer behavior amidst persistent inflation and higher interest rates.When excluding auto and gas purchases, retail sales slightly fell by 0.1%, against predictions of a modest 0.1% growth. Nonstore retailers, primarily online shops, saw the mo ...