U.S. retail sales inch upward in April

(May 13, 2014) -- Retail sales inched upward just 0.1 percent in April, which was below market expectations for a 0.4 percent increase although they followed upwardly revised 1.5 percent (was 1.2 percent) and 0.9 percent (was 0.8 percent) increases in March and February, RBC Economics reported.