The acceleration of inflation in recent months and the very recent increase in gas prices appear to have pushed up consumer expectations of inflation for the near term and the longer run. U.S. consumers expect prices to rise 5.1 percent
Excluding restaurants and bars, retail spending fell 0.1 percent.
Retail sales outside of gas stations and car dealers were down 0.4 percent compared with April.
The cracks that have started to emerge in the post-pandemic recovery grew a bit more visible in the May jobs report.
Holiday shoppers stayed away in December thanks to high prices and early shopping.
An industry group has said that German retail trade over Christmas has been ‘dramatically bad’ due to the country’s COVID Pass rules.
Many economists mistook early holiday shopping for consumer strength instead of concerns over inflation and supply chains constraints pulling shopping forward.
Retail sales grew by more than expected in October. But it’s not clear if that is because people were buying more or if this just reflects higher prices.
Once you adjust for inflation, September’s retail sales were not all that impressive.
The economy is slowing by much more than expected while inflation soars and shortages plague supply-chains.
Tech and e-commerce giant Amazon reportedly plans to open multiple large physical stores across the United States that will operate similarly to department stores. Amazon is already the largest seller of clothing in the United States.
Retail sales declined by more than expected in July as consumer confidence crashed amid rising coronavirus infections and rapid inflation.
Retail sales declined a seasonal adjusted 1.3 percent in May from the month before, the U.S. Commerce Department said Tuesday. The consensus forecast was for a smaller decline of 0.5 percent.
Retail and food services sales were unchanged from the prior month, falling short of the one percent expansion forecast by economists. \
Retail sales fell by 3 percent in February compared with the prior month, the Commerce Department said Tuesday. Economists had expected a much smaller decline of 0.5 percent.
Sales in U.S. stores fell far more than economists had expected.
A much deeper decline than expected suggests a bleak start to holiday shopping.
Sales rose 1.9 percent, more than double the expected gain.
Sales increased a seasonally adjusted 0.6 percent in August, down from July’s growth of 0.9 percent.
Sales at electronics and appliance stores jumped much higher in July, pushing up overall sales despite a reported decline in sales of autos.
A surge in shopping for baking goods lifted sales for pantry items but social distancing and stay-at-home policies hurt sales of sweets.
Data from the Commerce Department Thursday confirms retail sales were as strong as they seemed in December.
Shoppers gave retailers a massive boost Saturday by making it the biggest sales day in U.S. retail history.
An unexpected decline in sales in September is a warning signal about the strength of the U.S. consumer.
Auto sales jumped higher. Online sales were surprisingly strong. But we spent less on food, dining out, and in deparment stores.
Elaine Parker of Job Creators Network writes in the Washington Times that the broad scope of economic indicators offset the concern that the inverted yield curve suggests a recession is imminent.
Retail sales were stronger than initially reported in April and strong again in May, indicating better economic growth.
Retail sales declined a seasonally adjusted 0.2% in April from a month earlier, the Commerce Department said Wednesday.
Taking mom out to eat on Mother’s Day is a well-established tradition in the United States. Now an analysis of Bank of America data about debit card users shows that Generation X will be spending the most taking her out for a meal next weekend.
Sales bounced back a bit in January but December’s dire number got even worse. Could this be a statistical illusion?
As the stock market slumped and the government headed into a shutdown, American consumers pulled back on spending in December.
The Dow Jones Industrial Average rocketed upward Wednesday in the highest single-day point increase ever and highest percentage raise in nearly a decade.
Sales are up everywhere except gas stations.
Small Business Administrator Linda McMahon touted Friday the economic benefits to the United States of shoppers partaking in “Small Business Saturday.”
Mobs chasing Trump allies out of restaurants may have convinced some Trump supporters to stay at home in September.
Overall retail sales rose 0.8 percent from the prior month, double the consensus economic estimate of 0.4 percent, according to Commerce Department data released Thursday.
