December retail sales revised to show steeper decline; core retail sales jump 4.8%
Main stock indexes in the United States are eyeing a third straight yearly gain, with the benchmark S&P 500 on track to close out the year 26.4% higher
Solid hiring, strong pay raises, and healthy savings for many households are underpinning robust spending
Oil fell with the greenback near a three-week high following a rally on Friday on better-than-expected US retail sales data.
Retail sales unexpectedly rise in August; Tesla falls as Ark dumps shares
Opening up in the US may switch spending to services and wardrobe restocking, and de-stock overflowing pantries
The total value of retail purchases fell 1.3% in May following an upwardly revised 0.9% gain in April, Commerce Department figures showed Tuesday.
Retail sales rebounded 9.8% last month, the largest increase since May 2020, the Commerce Department said
Retail sales surged by a seasonally adjusted 5.3% last month, the Commerce Department said on Wednesday
"The (retail) frenzy is dead, it's rolled over," said Stephen Innes, chief global market strategist at financial services firm Axi
US retail sales fell more than expected in November, likely weighed down by raging new Covid-19 infections and decreasing household income
Most major retailers closed on Thanksgiving this year in a nod to the stress endured by their workers during a global health pandemic
The public health crisis and frail economy are major challenges confronting President-elect Joe Biden when he takes over from President Donald Trump in January
Retail sales rose in September for the fifth month in a row, as Americans spent more on clothing, cars and sporting goods. The US Commerce Department said Friday that retail sales grew 1.9% last month. That's up from August's increase of 0.6%. Retail sales have been recovering since plunging in the spring as stores and malls were ordered closed to help prevent the spread of the coronavirus. Much of last month's growth came from clothing stores, where sales rose 11%. At auto dealerships and repair shops, sales were up 3.6%. And those looking to go camping or buy exercise equipment for their homes sent sales at sporting goods stores up 5.7%. Consumer spending makes up two-thirds of all US economic activity, and is watched closely to gauge the country's economic health. Friday's retail sales report covers only about a third of overall consumer spending. Services such as haircuts and hotel stays are not included in the report. All of those types of businesses have been badly hurt by t
Sales at retail stores and restaurants have now risen for three straight months, after plunges in March and April, when the pandemic shuttered businesses and paralysed the economy
The Census Bureau reported Thursday that retail sales are 1.1% higher than their levels from a year ago
The Commerce Department's report Friday on retail purchases showed a sector that has collapsed so fast that sales over the past 12 months are down a crippling 21.6 per cent
The Federal Reserve on Wednesday kept interest rates steady and signaled that borrowing costs were likely to remain unchanged at least through next year
Slower consumer spending supports expectations of moderate economic growth in the first quarter
It was likely hurt by the impact of Hurricane Harvey on motor vehicle purchases, suggesting a moderation in cosumer spending in the third quarter