US retail spending picked up sharply in July | CNN Business

Aug 15, 2023 · US retail spending picked up sharply in July By Bryan Mena, CNN 4 minute read Updated 11:11 AM EDT, Tue August 15, 2023 Link Copied! Video Ad Feedback ... CNN …

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Retail Sales: Spending Is Suddenly Surging In The US Economy’s

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Aug 15, 2024 · Excluding that category, retail sales were up by a still-strong 0.4% in July from June. Retail spending on electronics and at grocery stores also rose robustly last month, up by …

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US Retail Spending Picked Up Sharply In July

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Aug 15, 2023 · The Consumer Price Index, a closely watched inflation gauge, rose 3.2% in July from a year earlier, picking up for the first time in more than a year, but well below the four …

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US Shoppers Sharply Boosted Spending At Retailers In July Despite ...

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Aug 15, 2024 · The Commerce Department reported Thursday that retail sales jumped 1% from June to July, the biggest such increase since January 2023, after having declined slightly the …

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U.S. Shoppers Sharply Boosted Spending At Retailers In July - Los ...

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Aug 15, 2024 · The Commerce Department reported Thursday that retail sales jumped 1% from June to July, the biggest such increase since January 2023, after having declined slightly the …

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Mack F. Blankenship, Jr. On LinkedIn: US Retail Spending Picked Up ...

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Retail sales, which are adjusted for seasonality but not inflation, rose 0.7% in July from the prior month, the Commerce Department reported Tuesday. That was…

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American Shopping Is Back To Pre-pandemic Levels ... - CNN …

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Aug 14, 2020 · The retail rebound has been driven by a few strong categories. Compared with July last year, sales were up 24.7% at “nonstore retailers,” a sector that includes ecommerce …

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Retail Sales Dipped More Than Expected In July | CNN Business

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Aug 17, 2021 · Even with the renewed worries about the pandemic and the stimulus check sugar rush wearing off, retail sales are still far above last year’s level, up nearly 16% from July 2020.

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Shoppers Are Still Spending Despite The Delta Variant | CNN Business

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Sep 16, 2021 · Retail sales this holiday season will increase by up to 9% from last year, while e-commerce sales will grow by up to 15%, Deloitte said in a forecast released this week.

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FAQs about US retail spending picked up sharply in July | CNN Business Coupon?

How did retail spending perform in July?

Retail spending on electronics and at grocery stores also rose robustly last month, up by 1.6% and 1%, respectively. Americans also continued to spend at bars and restaurants at a healthy pace. Meanwhile, sales were down at specialty stores and clothing retailers in July. ...

Why did Americans spend more at retailers last month?

(AP Photo/Eduardo Munoz Alvarez, File) WASHINGTON (AP) — Americans stepped up their spending at retailers last month by the most in a year and a half, easing concerns that the economy was slowing under the pressure of higher prices and elevated prices. ...

How did retail spending change in August?

Excluding sales at gasoline stations, retail spending advanced a more modest 0.2% in August from July. Retail spending increased across most categories, including at restaurants and grocery stores. Sales of furniture and at specialty stores, such as those that sell sporting goods, fell 1% and 1.6% respectively. ...

How much did retail sales rise in July?

Retail sales, which are adjusted for seasonality but not inflation, rose 0.7% in July from the prior month, the Commerce Department reported Tuesday. That was a faster pace than the previous month’s upwardly revised 0.3% gain and above economists’ expectations of a 0.4% rise, according to Refinitiv. ...

Did US retail sales surge in July?

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 economists’ expectations of a 0.3% gain. ...

How did retail sales perform in July?

Spending rose on nondurable items, such as clothing and sporting goods. Sales at restaurants and bars rose a robust 1.4% in July from June. Meanwhile, sales of durable goods — defined as products meant to last at least three years — slipped. ...