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Update: US monthly retail sales growth slows in April

Growth in U.S. retail sales slowed to a monthly 0.3% in April in seasonally and calendar-adjusted terms, down from an upwardly revised 0.8% growth in March, according to preliminary data from the U.S. Census Bureau.

The 10-year Treasury yield climbed 4 basis points to 3.047% following the data.

Excluding motor vehicle and parts, sales grew 0.3% month over month to $395.99 billion in April from $394.62 billion in March. Sales for motor vehicle and parts dealers rose to $101.57 billion from $101.47 billion the previous month.

Sales for nonstore retailers increased to $55.91 billion in April from $55.57 billion.

On an annual basis, retail sales growth slowed to 4.7% in April, from 4.9% in March.

The dollar rose 0.66% against the euro and 0.50% against the yen as of 9:02 a.m. ET.