Retail sales edge up in April
Retail price inched upwards in April.
Despite pessimistic forecasts, retail sales inched up 0.1 percent in April. Core retail sales -- automobiles, clothing, building materials, and other goods -- rose as prices for gold and crude oil dropped.
Julia Coronado, senior U.S. economist at BNP Paribas in New York, tells Marketplace Morning Report host David Brancaccio what this means for the economy.