US retail sales report showcases consumer, economic resilience

Jul 16, 2024 · U.S. retail sales were unchanged in June as a drop in receipts at auto dealerships was offset by broad strength elsewhere, a display of consumer resilience that bolstered …

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US Retail Sales Report Showcases Consumer, Economic Resilience

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Jul 16, 2024 · Sales at food services and drinking places, the only services component in the report, gained 0.3% after rising 0.4% in May. Economists view dining out as a key indicator of …

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US Retail Sales Showcase Resilience Of Economy’s Growth Engine

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Oct 17, 2024 · The value of retail purchases, unadjusted for inflation, increased 0.4% after a 0.1% gain in August, Commerce Department data showed Thursday. Excluding autos and gasoline …

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US Retail Sales Showcase Resilience Of Economy’s Growth Engine

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Oct 17, 2024 · US Retail Sales Showcase Resilience of Economy’s Growth Engine. Value of purchases increased 0.4% in September after 0.1% gain. Figures cap another likely quarter of …

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IMF Forecast And Retail Sales Data Show U.S. Economic Resilience

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Jul 16, 2024 · Driving the news: The International Monetary Fund's new World Economic Outlook projects the U.S. economy will grow 2.6% this year. That's down a tick from its spring …

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US Retail Sales Ticked Up Last Month In Sign Of Ongoing Consumer …

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Sep 17, 2024 · Gas stations reported a 1.2% drop in sales, which mostly reflected a decline in prices last month. Auto sales also ticked lower. On Wednesday, Fed policymakers will decide …

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Retail Sales Up Solidly In October As Americans Showed Continued ...

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1 day ago · Retail sales rose 0.4% from September to October, the Commerce Department said Friday, a solid increase though less than the previous month's robust 0.8% gain. A 1.6% jump …

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New Jersey’s Retail Trade Industry Sector - The Official Web …

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The latest data shows that: Retail trade employment totaled 405,786 in 2020, or 12.7% of all private sector workers in the state. In comparison, the sector represented 12.5 percent of the …

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FAQs about US retail sales report showcases consumer, economic resilience Coupon?

Why were retail sales unchanged in June?

WASHINGTON, July 16 (Reuters) - U.S. retail sales were unchanged in June as a drop in receipts at auto dealerships was offset by broad strength elsewhere, a display of consumer resilience that bolstered economic growth prospects for the second quarter. ...

What is the relationship between retail sales and consumer spending?

These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product. Economists now estimate that consumer spending, which accounts for more than two-thirds of the economy, grew at a 2.0% annualized rate in the second quarter. ...

How did retail sales perform in October?

WASHINGTON, Nov 15 (Reuters) - U.S. retail sales increased slightly more than expected in October, but underlying momentum in consumer spending appeared to slow at the start of the fourth quarter. Retail sales rose 0.4% last month after an upwardly revised 0.8% advance in September, the Commerce Department's Census Bureau said on Friday. ...

Will retail sales boost economic growth?

REUTERS/Andrew Kelly WASHINGTON (Reuters) - U.S. retail sales were unchanged in June and the underlying trend was strong, which could boost economic growth estimates for the second quarter. The flat reading in retail sales last month followed an upwardly revised 0.3% gain in May, the Commerce Department's Census Bureau said on Tuesday. ...

How did the Central Bank's policy easing cycle affect retail sales?

The central bank embarked on its policy easing cycle with an unusually large half-percentage-point rate cut in September, its first reduction in borrowing costs since 2020. U.S. retail sales increased slightly more than expected in October, but underlying momentum in consumer spending appeared to slow at the start of the fourth quarter. ...

Why did US retail sales fall less than forecast in October?

Simply sign up to the US economy myFT Digest -- delivered directly to your inbox. US retail sales fell less than forecast in October, in a sign of consumer’s relative resilience, even as several big retailers acknowledged economic pressure is crimping spending ahead of the holiday season. ...