Retail sales in May slip 0.3% amid surging inflation
2 years, 6 months ago

Retail sales in May slip 0.3% amid surging inflation

Associated Press  

NEW YORK — Americans trimmed their spending unexpectedly in May compared with a month before, underscoring how surging inflation on daily necessities like gas is causing them to be more cautious about buying discretionary items. U.S. retail sales slipped 0.3% last month, down from a revised 0.7% increase in April, the Commerce Department said Wednesday. But excluding sales from gas stations, retail sales slipped 0.7%, showing how higher prices at the pump are accounting for more of shoppers’ overall spending. Sal Guatieri, senior economist at BMO Capital Markets Economics, said the weak retail sales report likely won’t influence the Fed, as it will need to see a “sustained period of weakness in domestic demand and likely labor markets before breathing a sigh of relief on the inflation front.” Cleary, retailers, both big and small, are noticing customers changing their habits in recent months.

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History of this topic

Retail 'golden quarter' under pressure as sales disappoint again in November
3 weeks ago

Retail 'golden quarter' under pressure as sales disappoint again in November

Daily Mail  

Retailers faced lacklustre sales again in November as weak consumer confidence continues to weigh on the sector's 'golden quarter'. Non-food online shopping sales figures slumped by 10.3 per cent year-on-year in November, new data from the British Retail Consortium and KPMG Retail Sales Monitor shows. Total retail sales fell by 3.3 per cent year-on-year in November, against growth of 2.6 …

Retail sales up solidly in October as Americans showed continued willingness to spend
1 month, 1 week ago

Retail sales up solidly in October as Americans showed continued willingness to spend

Associated Press  

WASHINGTON — Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy’s steady growth. 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. “People may not love how much it costs to go …

Retail sales up solidly in October as Americans showed continued willingness to spend
1 month, 1 week ago

Retail sales up solidly in October as Americans showed continued willingness to spend

LA Times  

Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy’s steady growth. 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. Sales in some categories fell — furniture stores, clothing outlets and drug …

Retail sales rise in August despite hit to consumer confidence
3 months ago

Retail sales rise in August despite hit to consumer confidence

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy British retailers saw sales rise …

U.S. retail sales ticked up last month in sign of ongoing consumer resilience
3 months, 1 week ago

U.S. retail sales ticked up last month in sign of ongoing consumer resilience

LA Times  

Americans spent a bit more at retailers last month, providing a small boost to the economy just as the Federal Reserve considers how much to cut its key interest rate. Retail sales ticked up 0.1% from July to August, after jumping the most in a year and a half the previous month, the Commerce Department said Tuesday. Average paychecks, particularly …

This Week: Consumer price index, retail sales, housing starts
4 months, 1 week ago

This Week: Consumer price index, retail sales, housing starts

Associated Press  

A look at some of the key business events and economic indicators upcoming this week. Economists predict the consumer price index rose 3% in July from as year earlier, matching June’s pace. Consumer price index, annual percent change, not seasonally adjusted: Feb. 3.2 March 3.5 April 3.4 May 3.3 June 3.0 July 3.0 Source: FactSet SIZING UP RETAIL SALES The …

Retail sales unchanged in June from May, underscoring shoppers' resilience
5 months, 1 week ago

Retail sales unchanged in June from May, underscoring shoppers' resilience

Associated Press  

NEW YORK — Shoppers paused their spending in June from May, defying economic forecasts for a pullback and proving their resilience in the face of an uncertain economy Retail sales were unchanged in June from May, after being revised upward to a 0.3% increase in May, according to the Commerce Department report Tuesday. AP AUDIO: Retail sales unchanged in June …

Retail sales rise a meager 0.1% in May from April as still high inflation curbs spending
6 months ago

Retail sales rise a meager 0.1% in May from April as still high inflation curbs spending

Associated Press  

NEW YORK — Consumers barely increased spending in May from April as still high prices on groceries and other necessities and high interest rates curbed spending. Earlier this month, the government reported that America’s employers added a robust 272,000 jobs in May, accelerating from April and an indicator that companies are still bullish enough in the economy to keep hiring …

This Week: Existing home sales, retail data for May and Kroger’s first-quarter results
6 months, 1 week ago

This Week: Existing home sales, retail data for May and Kroger’s first-quarter results

Associated Press  

A look at some of the key business events and economic indicators upcoming this week: RETAIL RECEIPTS The Commerce Department on Tuesday reports retail sales data for May. Retail sales, monthly percent change, seasonally adjusted: Dec.: 0.4 Jan.: -1.1 Feb.: 0.7 March: 0.7 April: 0.0 May : 0.3 Source: FactSet KROGER RESULTS Grocery chain Kroger reports its first-quarter sales and …

The cost-of-living crisis is seeing retailers have near-constant sales, and experts say it's a warning sign for the economy
6 months, 3 weeks ago

The cost-of-living crisis is seeing retailers have near-constant sales, and experts say it's a warning sign for the economy

ABC  

After navigating her small business through the pandemic, Sara Crampton was confronted with a different challenge in April last year. "With how our business works, we're buying products six months ahead of time, so we couldn't quickly change our strategy," she told The Business. "At that point in time, you're not quite sure if you're the only business that's going …

Retail sales were unchanged in April from March as inflation and interest rates curb spending
7 months, 1 week ago

Retail sales were unchanged in April from March as inflation and interest rates curb spending

Associated Press  

NEW YORK — Americans unexpectedly paused their spending in April from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome. Retail sales were unchanged, coming in well below economists’ expectations, and follow a revised 0.6% pace in March, according to Commerce Department data released Wednesday. The retail sales figure came out on the …

Hopes of Easter bounce for shops are dashed as retail sales flatline with Brits still struggling to cope with high food costs
8 months ago

Hopes of Easter bounce for shops are dashed as retail sales flatline with Brits still struggling to cope with high food costs

Daily Mail  

Hopes of an Easter bounce for shops have been dashed after retail sales flatlined last month. In a small bright spot, February's retail sales data was revised up from a previous estimate of zero growth to 0.1 per cent. ONS senior statistician Heather Bovill said: 'Retail sales registered no growth in March. 'However, these gains were offset by falling food …

Retail sales surge 0.7% in March as Americans seem unfazed by higher prices with jobs plentiful
8 months, 1 week ago

Retail sales surge 0.7% in March as Americans seem unfazed by higher prices with jobs plentiful

Associated Press  

NEW YORK — Americans boosted spending at a hotter-than-expected pace in March, underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges. Retail sales rose 0.7% last month — almost double what economists had forecast — after rising 0.9% in February, according to Commerce Department data released Monday. This is one of the strongest retail sales reports we’ve …

February retail sales up 0.6%, yet fissures emerge in what has been a driving force for US economy
9 months, 1 week ago

February retail sales up 0.6%, yet fissures emerge in what has been a driving force for US economy

Associated Press  

NEW YORK — Americans picked up their spending a bit in February after pulling back the previous month. Retail sales rose 0.6% last month after falling a revised 1.1% in January, dragged down in part by inclement weather, according to the Commerce Department’s report on Thursday. February’s number was also lifted in part by higher gas prices as well as …

America’s economy slowed—it probably won’t stumble
10 months, 1 week ago

America’s economy slowed—it probably won’t stumble

Live Mint  

The U.S. economy took a breather in January following brisk growth at the end of last year, but it remains fundamentally healthy. Technical issues with how the retail sales data was seasonally adjusted might have weighed on the reading, and cold weather in January likely had an impact on both retail sales and industrial production. Within the retail sales report, …

Retail sales up strongly in December as Americans showed continued willingness to spend
11 months, 1 week ago

Retail sales up strongly in December as Americans showed continued willingness to spend

Associated Press  

NEW YORK — Americans stepped up their spending at retailers in December, closing out the holiday shopping season and the year on an upbeat tone and signaling that people remain confident enough to keep spending freely. Higher energy and housing prices boosted overall U.S. inflation in December, a sign that the Federal Reserve’s drive to slow inflation to its 2% …

Black Friday boosts retailers with sales surging in November despite fears of a tough Christmas for many shops
1 year ago

Black Friday boosts retailers with sales surging in November despite fears of a tough Christmas for many shops

Daily Mail  

Black Friday boosted shops last month with retail sales surging far more than expected. The ONS also revised data for October upwards, reporting that there was zero growth in retail sales rather than the 0.3 per cent fall previously estimated. Volumes were up 1.3 per cent in November as Brits sought out bargains, significantly better than the 0.4 per cent …

Retail sales rise 0.3% in November as Americans hit gas, not brakes on shopping, travel, restaurants
1 year ago

Retail sales rise 0.3% in November as Americans hit gas, not brakes on shopping, travel, restaurants

Associated Press  

NEW YORK — Americans picked up their spending from October to November unexpectedly as the unofficial holiday season kicked off, underscoring the power of shoppers despite elevated prices. “While consumers continue to face hurdles from higher borrowing costs, tighter credit conditions and elevated prices, a still-strong labor market, a positive trend in incomes and an easing in price pressures should …

Retail sales rise 0.3% in November as Americans hit gas rather than brakes on spending
1 year ago

Retail sales rise 0.3% in November as Americans hit gas rather than brakes on spending

LA Times  

Despite elevated prices, consumers kicked off the holiday shopping season by keeping up their spending momentum, according to Commerce Department data released Thursday. Americans unexpectedly picked up their spending from October to November as the unofficial holiday season kicked off, underscoring the power of shoppers despite elevated prices. Yet the National Retail Federation, the nation’s largest retail trade group, still …

Retail sales slip in October as consumers pull back after summer splurges
1 year, 1 month ago

Retail sales slip in October as consumers pull back after summer splurges

Associated Press  

NEW YORK — Americans cut back on retail spending in October, ending six straight months of gains, though the decline was partly driven by falling prices for both gasoline and cars. Retail sales fell 0.1% last month after jumping a strong 0.9% in September, according to a report released Wednesday by the Commerce Department. Most retail categories reported a drop …

Retail sales slip in October as consumers pull back after summer splurges
1 year, 1 month ago

Retail sales slip in October as consumers pull back after summer splurges

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Americans cut back on retail …

Automobile retail sales declined 8% in October
1 year, 1 month ago

Automobile retail sales declined 8% in October

Deccan Chronicle  

PUNE: Total retail sales of automobiles in India declined by 8 per cent year-on-year in the festive month of October due to Shraddh period which marked first half of last month, when people largely stay away from big-ticket purchases, data released by the Federation of Automobile Dealers Associations or FADA) showed on Monday. FADA said retail sales of two-wheelers dropped …

‘Retail recession’ warning as sales plummet
1 year, 2 months ago

‘Retail recession’ warning as sales plummet

The Telegraph  

High streets are in the grip of a “retail recession”, economists have warned, after shop sales slumped unexpectedly rapidly in September. Retail sales volumes fell by 0.9pc in the month to September, according to the Office for National Statistics. Alex Kerr, assistant economist at Capital Economics, said: “This suggests that after the 18-month-long retail recession came to an end in …

Retail sales rise solid 0.7% in September, reflecting US shoppers’ resilience despite higher prices
1 year, 2 months ago

Retail sales rise solid 0.7% in September, reflecting US shoppers’ resilience despite higher prices

Associated Press  

NEW YORK — Americans showed their steadfast resilience and kept spending online, at restaurants and other outlets in September even as they grappled with higher prices, rising interest rates and a host of other headwinds piling up. Tuesday’s sales figures aren’t adjusted for inflation, but the cost of goods barely rose last month, so the increased spending isn’t a reflection …

Retail sales up a solid 0.7% in September as American consumers defy rising prices, interest rates
1 year, 2 months ago

Retail sales up a solid 0.7% in September as American consumers defy rising prices, interest rates

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Despite higher prices, American shoppers keep spending
1 year, 2 months ago

Despite higher prices, American shoppers keep spending

LA Times  

A man looks at the Apple’s new iPhone 15 models last month in Los Angeles. A closely watched category of retail sales that excludes auto dealers, gas stations and building materials and feeds into the gross domestic product jumped 0.6% last month compared to the prior month. “Fed officials have another rate hike this year up on their forecast board, …

Retail sales rise 0.6% in August largely due to a spike in gas prices
1 year, 3 months ago

Retail sales rise 0.6% in August largely due to a spike in gas prices

Associated Press  

NEW YORK — Americans stepped up retail spending modestly from July to August as the price of gasoline jumped, cutting into budgets as many families send their kids off to school. Retail sales rose 0.6% in August, compared with a revised 0.5% increase in July, according to a report issued by the Commerce Department on Thursday. The big rise in …

Retail sales rose solidly last month in a sign that consumers are still spending freely
1 year, 4 months ago

Retail sales rose solidly last month in a sign that consumers are still spending freely

Associated Press  

NEW YORK — Americans increased their purchases at retailers last month – for clothing, dining out, online goods and other areas – in a sign that solid consumer spending is still powering a resilient U.S. economy. Analysts noted that spending on Amazon Prime Day, the online juggernaut’s big two-day sales event that took place earlier last month, also helped boost …

Economy ‘loses momentum again’ as private sector growth slows despite retail boost
1 year, 6 months ago

Economy ‘loses momentum again’ as private sector growth slows despite retail boost

The Independent  

Britain’s economy “has lost momentum again” as growth in the private sector dropped to its slowest for three months, despite an unexpected boost in retail sales. Data from the Office for National Statistics showed that retail sales volumes rose 0.3 per cent in May, better than the 0.2 per cent drop that economists had forecast. But May’s overall 0.3 per …

Retail sales rose 0.3% in May despite pressure from higher inflation and interest rates
1 year, 6 months ago

Retail sales rose 0.3% in May despite pressure from higher inflation and interest rates

Associated Press  

NEW YORK — Americans increased their spending at retailers last month despite pressure from still-high inflation and rising borrowing costs. Thursday’s report from the Commerce Department showed that retail sales rose 0.3% from April to May, boosted by stronger sales of auto and parts dealers. The latest retail sales data follow a government report this week that consumer inflation eased …

Retail sales up 0.4% in April, buoyed by solid job market and declining prices in some areas
1 year, 7 months ago

Retail sales up 0.4% in April, buoyed by solid job market and declining prices in some areas

Associated Press  

NEW YORK — Americans picked up their spending modestly in April, spending money online and dining out, buoyed by a solid job market and a retreat in prices for some things. That is the first retail sales increase since January, when unusually warm weather and a big jump in Social Security benefits juiced spending. Retail sales data from the U.S. …

US retail sales fall 1% amid high inflation, rising rates
1 year, 8 months ago

US retail sales fall 1% amid high inflation, rising rates

Associated Press  

WASHINGTON — Americans cut their spending at retail stores in March for the second straight month, a sign consumers are becoming more cautious after a burst of spending in January. Gas-station sales plunged 5.5% in March, though the data isn’t adjusted for price changes, and gas prices fell last month. Growth likely reached about 2% at an annual rate in …

Retail sales dip 0.4% in February after buying burst in Jan.
1 year, 9 months ago

Retail sales dip 0.4% in February after buying burst in Jan.

Associated Press  

NEW YORK — America’s consumers trimmed their spending in February after a buying burst in January, underscoring the volatility of the economic environment. Still, it remains to be seen whether news coverage of bank failures and stock market gyrations will hurt consumer sentiment this month, writes Capital Economics’ Deputy Chief U.S Economist Andrew Hunter in a report issued Wednesday. The …

The unexpected American shopping spree seems to have cooled
1 year, 9 months ago

The unexpected American shopping spree seems to have cooled

NPR  

The unexpected American shopping spree seems to have cooled Enlarge this image toggle caption Stefani Reynolds/AFP via Getty Images Stefani Reynolds/AFP via Getty Images An unexpected spending spree by U.S. shoppers seems to have calmed. Sponsor Message Inflation has been moderating since peaking last summer, but consumer prices in February were still 6% higher than a year ago, data showed …

Retail sales jump as Americans defy inflation and rate hikes
1 year, 10 months ago

Retail sales jump as Americans defy inflation and rate hikes

Associated Press  

WASHINGTON — America’s consumers rebounded last month from a weak holiday shopping season by boosting their spending at stores and restaurants at the fastest pace in nearly two years, underscoring the economy’s resilience in the face of higher prices and multiple interest rate hikes by the Federal Reserve. Wednesday’s robust retail sales figures, along with a strong January job report, …

US retail sales post biggest jump in nearly two years
1 year, 10 months ago

US retail sales post biggest jump in nearly two years

Al Jazeera  

Signs of strength in consumer spending could potentially elicit ‘more aggressive action’ from the US Fed. United States retail sales increased by the most in nearly two years in January after two straight monthly declines as Americans boosted purchases of motor vehicles and other goods, pointing to the economy’s continued resilience despite higher borrowing costs. The US Department of Commerce …

Australian retailers had a worse-than-expected Christmas as cost of living pressures bite
1 year, 10 months ago

Australian retailers had a worse-than-expected Christmas as cost of living pressures bite

ABC  

There are clearer signs that consumers are feeling the pain of high inflation and successive interest rate hikes as Australian retailers have posted their first drop in sales in almost a year. Key points: Retail turnover in fell 3.9 per cent in December Turnover rose 7.5 per cent, compared to December 2021 Markets have priced in an 84 per cent …

December retail sales fall 1.1% as inflation takes a toll
1 year, 11 months ago

December retail sales fall 1.1% as inflation takes a toll

Associated Press  

NEW YORK — Americans cut back on spending in December, the second consecutive month they’ve done so, underscoring how inflation and the rising cost of using credit cards slowed consumer activity over the crucial holiday shopping season. Retail sales fell a worse-than-expected 1.1% in December, following a revised 1% drop in November, the Commerce Department reported Wednesday. In October, retail …

Retail group: Holiday sales up slower-than-expected 5.3%
1 year, 11 months ago

Retail group: Holiday sales up slower-than-expected 5.3%

Associated Press  

NEW YORK — Sales for the holiday 2022 season slowed more than expected from its blistering pace a year ago as higher borrowing costs and higher inflation made shoppers pull back, according to the nation’s largest retail trade group. The National Retail Federation said Wednesday that holiday sales for the combined November and December period rose 5.3% to $936.3 billion. …

Retail sales drop at start of key holiday shopping season
2 years ago

Retail sales drop at start of key holiday shopping season

Associated Press  

WASHINGTON — Americans cut back sharply on retail spending last month as the holiday shopping season began with high prices and rising interest rates forcing families, particularly lower income households, to make harder decisions about what they buy. suggests that higher borrowing costs, slower employment growth and an unusually low saving rate are now catching up with consumers,” said Andrew …

US retail sales rise as consumers step up spending
2 years, 1 month ago

US retail sales rise as consumers step up spending

Al Jazeera  

Steady job growth, rising wages, and higher savings as people cut back on travel and entertainment during the pandemic have enabled surprisingly steady spending by consumers. Steady job growth, rising wages, and higher savings after many people cut back on travel and entertainment during the pandemic have enabled surprisingly steady spending by consumers, particularly those with higher incomes. Car sales …

US retail sales were flat in July as inflation takes a toll
2 years, 4 months ago

US retail sales were flat in July as inflation takes a toll

Associated Press  

WASHINGTON — The pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates forced many Americans to spend more cautiously. Still, Wednesday’s report contained some positive signs: Excluding autos and auto parts, retail sales rose 0.4% in July. America’s consumers, whose spending accounts for nearly 70% of U.S. economic activity, have remained …

Retail sales up 1% in June, easing fears of a recession
2 years, 5 months ago

Retail sales up 1% in June, easing fears of a recession

Associated Press  

NEW YORK — Consumers picked up their spending from May to June, underscoring their resilience despite painfully higher prices at the gas pump and in grocery aisles and allaying fears that the economy might be on the verge of a recession. U.S. retail sales rose 1% in June, from a revised decline of 0.1 % in May, the Commerce Department …

Growth stocks lift Wall Street ahead of Fed’s rate decision
2 years, 6 months ago

Growth stocks lift Wall Street ahead of Fed’s rate decision

Live Mint  

Wall Street's main indexes climbed more than 1% on Wednesday, boosted by gains in beaten-down growth and financial stocks, with investors waiting to see how high the Federal Reserve would raise interest rates at its policy meeting to quell inflation. ET, with a press briefing by Fed Chair Jerome Powell expected at 2:30 p.m. "The Fed is going to go …

Retail sales rise 0.9% in April as consumers show resilience
2 years, 7 months ago

Retail sales rise 0.9% in April as consumers show resilience

Associated Press  

WASHINGTON — U.S. retail sales rose 0.9% in April, a solid increase that underscores Americans’ ability to keep ramping up spending even as inflation persists at nearly a 40-year high. “Despite the surge in prices weighing on their purchasing power, the U.S. consumer now appears to be single-handedly keeping the global economy afloat.” The Tuesday report also showed that sales …

US retail sales rise 0.9% in April in face of sky-high inflation
2 years, 7 months ago

US retail sales rise 0.9% in April in face of sky-high inflation

Al Jazeera  

The increase in retail sales was driven by greater sales of cars, electronics, and at restaurants, the US Department of Commerce. United States retail sales rose 0.9 percent in April, a solid increase that underscores Americans’ ability to keep ramping up spending even as inflation persists at nearly a 40-year high. Even adjusting for inflation, which was 0.3 percent on …

Retail sales rise 0.5% in March amid soaring inflation
2 years, 8 months ago

Retail sales rise 0.5% in March amid soaring inflation

Associated Press  

NEW YORK — Retail sales rose modestly in March, but higher prices for food, gasoline and other basics took a big share of consumers’ wallets. January’s increase of 4.9% was the biggest jump in spending since March 2021, when American households received a final federal stimulus check of $1,400. Matt Shay, CEO of National Retail Federation, the nation’s largest retail …

US retail sales rose 0.3% in February as high prices take a bite
2 years, 9 months ago

US retail sales rose 0.3% in February as high prices take a bite

Al Jazeera  

Many retailers are bracing for how the war in Ukraine will worsen supply shortages, with reports already surfacing of limited supplies of wheat, metals, and electronic chips. Retail sales increased 0.3 percent after registering a revised 4.9 percent jump from December to January, driven by wage gains, solid hiring and more money in banking accounts, according to the Department of …

January retail sales surge 3.8% as consumers defy inflation
2 years, 10 months ago

January retail sales surge 3.8% as consumers defy inflation

Associated Press  

NEW YORK — Fueled by pay gains, solid hiring and enhanced savings, Americans sharply ramped up their spending at retail stores last month in a sign that many consumers remain unfazed by rising inflation. Retail sales jumped 3.8% from December to January, the Commerce Department said Wednesday, a much bigger increase than economists had expected. “Job growth is strong, wages …

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