13-05-2016 19:22 via news.yahoo.com

Strong U.S. retail sales, consumer sentiment data buoy economic outlook

By Lucia Mutikani WASHINGTON (Reuters) - U.S. retail sales in April recorded their biggest increase in a year as Americans stepped up purchases of automobiles and a range of other goods, suggesting the economy was regaining momentum after growth almost stalled in the first quarter. The jump in sales reported by the Commerce Department on Friday is a boost for the sector that has been hit by sluggish demand. It comes days after major retailers, including Macy's and Nordstrom, reported sales tumbl
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