Evidence is mounting that the American shopper is cutting back
Jun 18, 2024 · Sales at US retailers rose last month at an unexpectedly weak pace as Americans continue to deal with still-high inflation and elevated interest rates. Retail sales rose just 0.1% in May from the...
Strong discretionary spending buoys US retail sales in September
WASHINGTON, Oct 17 (Reuters) - U.S. retail sales increased solidly in September likely as lower gasoline prices gave consumers more money to spend at restaurants and bars, supporting the view...
Retail sales: Spending is suddenly surging in the US economy’s …
Aug 15, 2024 · Sales at US retailers unexpectedly surged in July, the Commerce Department said Thursday, rising by a solid 1% from the prior month, up from June’s downwardly revised 0.2% decline. That trounced...
US economy on solid ground as retail sales surprise on the upside
WASHINGTON, Sept 17 (Reuters) - U.S. retail sales unexpectedly rose in August as a decline in receipts at auto dealerships was more than offset by strength in online purchases, suggesting that...
Inflation and retail sales data greet a roaring stock market rally ...
3 days ago · Wall Street economists expect headline inflation rose just 2.6% annually in October, an increase from the 2.4% rise in September. Prices are set to rise 0.2% on a month-over-month basis, per ...
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The backbone of America’s economy was just dealt a serious blow
May 15, 2024 · The biggest decline was online retail sales, which fell by 1.2% last month. That’s a significant development given online sales have been a bright spot in prior months.
Retail sales July 2024: Consumer spending jumped, better than …
Aug 15, 2024 · Consumer spending jumped in July as retail sales were up 1%, much better than expected. Consumer spending held up even better than expected in July as inflation pressures showed more signs of...
Strong US retail sales boost first-quarter growth estimates
WASHINGTON, April 15 (Reuters) - U.S. retail sales increased more than expected in March amid a surge in receipts at online retailers, further evidence that the economy ended the first quarter...