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 from May, underscoring shoppers’ resilience AP correspondent Shelley Adler reports retail sales were unchanged from May to June. Control retail sales, which excludes food service and drinking places, auto dealers, gas stations, construction material and garden supply stores, and a few other volatile categories, and which goes into the calculation of nominal gross domestic product, rose a solid 0.9% in the month. June marked a third straight month of cooling deflation, a sign that the worst price spike in four decades is steadily fading and may soon bring in interest rate cuts by the Federal Reserve.

Retail Inflation Sales Report Month Rose Stores Macy Gas Stations Retail Sales  month  shoppers  inflation  rose  resilience  unchanged  retail  spending  report  underscoring  gas  stores  sales

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 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 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 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 …

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 …

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 …

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 …

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 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 …

Consumers keep spending freely, powering a resilient economy
1 year, 4 months ago

Consumers keep spending freely, powering a resilient economy

LA Times  

Items are displayed in a boutique along Tennyson Street in Denver. Americans increased their purchases at retailers last month — for clothing, dining out, online goods and other items — 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 …

New home sales dropped in June after May’s surge
1 year, 4 months ago

New home sales dropped in June after May’s surge

CNN  

Washington, DC CNN — New home sales dropped in June from the month before, even as buyers continued to rely on new construction as an alternative to the historically low supply of existing homes for sale. New home sales boosted by low inventory of existing homes Although sales were down from May, the trajectory of new home sales is generally …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

UK retail sales fall sharply despite easing COVID pandemic curbs
3 years, 4 months ago

UK retail sales fall sharply despite easing COVID pandemic curbs

India TV News  

The UK's retail sales volumes fell by 2.5 per cent in July from June despite the easing of coronavirus restrictions, but still 5.8 per cent higher than the pre-pandemic levels in February 2020, the Office for National Statistics said. Food store sales volumes dropped monthly by 1.5 per cent in July, following an increase in the previous month when sales …

Retail sales record surprise fall in May
3 years, 6 months ago

Retail sales record surprise fall in May

The Telegraph  

Britons put socialising ahead of shopping last month after a surprise fall in retail spending, official figures showed. Sales fell 1.4pc last month - a stark contrast with April's 9.2pc surge as shops reopened - after the return of eating out hit food sales, the Office for National Statistics said. The 5.7pc slide in food sales offset pockets of strength …

Shopping surges in May after pandemic restrictions ease
3 years, 6 months ago

Shopping surges in May after pandemic restrictions ease

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. The latest BRC-KPMG retail sales monitor revealed that total …

Boom! US retail sales spike, jobless claims drop to one-year low
3 years, 8 months ago

Boom! US retail sales spike, jobless claims drop to one-year low

Al Jazeera  

Americans receiving a fresh round of pandemic relief cheques and COVID vaccines injected big pep into the economy’s step. United States retail sales rebounded more than expected in March as Americans received additional pandemic relief cheques from the government and increased COVID-19 vaccinations allowed broader economic re-engagement, cementing expectations for robust growth in the first quarter. Retail sales increased 9.8 …

'This Was Bad': Retail Sales Suffer Big Chill In February Amid Stormy Weather
3 years, 9 months ago

'This Was Bad': Retail Sales Suffer Big Chill In February Amid Stormy Weather

NPR  

'This Was Bad': Retail Sales Suffer Big Chill In February Amid Stormy Weather Enlarge this image toggle caption Joe Raedle/Getty Images Joe Raedle/Getty Images Consumers put their pocketbooks on ice last month after a spending spree in January. A winter storm that blanketed much of the country's midsection last month was partly to blame, depressing demand for sporting goods, home …

Retail group: holiday sales up 8.3% amid big spending shift
3 years, 11 months ago

Retail group: holiday sales up 8.3% amid big spending shift

Associated Press  

NEW YORK — The nation’s largest retail trade group said Friday that holiday sales soared 8.3%, far exceeding its forecast even as the coronavirus kept shoppers away from physical stores. Moreover, even within the retail industry, big box stores like Walmart and Target are dominating the landscape, enjoying big sales gains at the expense of mall-based stores that were forced …

U.S. retail sales fell in December for 3rd straight month
3 years, 11 months ago

U.S. retail sales fell in December for 3rd straight month

Associated Press  

NEW YORK — Americans cut back on spending in December for the third-straight month as a surge in virus cases kept people away from stores during the critical holiday shopping season. The U.S. Commerce Department said Friday that retail sales fell a seasonally adjusted 0.7% in December from the month before, a decline Wall Street analysts weren’t expecting. That may …

Retail sales fell 1.1% in November, biggest drop in 7 months
4 years ago

Retail sales fell 1.1% in November, biggest drop in 7 months

Associated Press  

NEW YORK — Americans held back on spending during the start of the holiday shopping season, a troubling sign for retailers and the state of the U.S. economy. U.S. retail sales fell a seasonally adjusted 1.1% in November, according to the U.S. Commerce Department. The Commerce Department on Wednesday also revised October’s report, saying that retail sales fell 0.1% that …

Weak 0.3% US October sales gain spreads some holiday unease
4 years, 1 month ago

Weak 0.3% US October sales gain spreads some holiday unease

Associated Press  

NEW YORK — Retail sales in the U.S. grew a sluggish 0.3% in October, even as retailers offered early holiday discounts online and in stores. A surge in coronavirus infections nationwide and the expiration of a $600 weekly boost to unemployment checks over the summer has slowed spending by Americans and contributed to the slowest retail sales growth since this …

US retail sales rise for 3rd month but slowdown expected
4 years, 4 months ago

US retail sales rise for 3rd month but slowdown expected

Live Mint  

WASHINGTON: Americans increased their spending at retail stores and restaurants in July for a third straight month, but some evidence suggests that sales are weakening with the expiration of government rescue aid that had previously put more money in people's pockets. July's sales increase was much smaller than May's 18.3% gain and June's 8.4% increase, when shoppers flocked to newly …

American shopping is back to pre-pandemic levels. That’s a big deal
4 years, 4 months ago

American shopping is back to pre-pandemic levels. That’s a big deal

CNN  

New York CNN Business — Millions of Americans remain unemployed during the coronavirus pandemic and many are struggling to pay their bills. The milestone came in part because the Commerce Department revised June’s retail sales figures higher. “The retail sales figures are encouraging because they suggest the recovery has continued to grind on even in the face of the resurgence …

US retail sales jump 7.5% in June, but economy still ails
4 years, 5 months ago

US retail sales jump 7.5% in June, but economy still ails

Associated Press  

BALTIMORE — U.S. retail sales climbed a solid 7.5% in June, a sign that the economy was healing right before infections from the coronavirus spiked again and dragged down hopes for a steady recovery. The Census Bureau reported Thursday that retail sales are 1.1% higher than their levels from a year ago, after a brutal plunge in March and April …

Discover Related