Spending on retail and restaurants rose 1.7% in October, above the 1.1% estimate as COVID fell and hiring rebounded, even in the face of inflation.
Spending at retailers rose 0.7% in September, outpacing the estimate for a 0.2% drop. September saw the Delta wave peak and begin to fade.
Retail sales rose 0.7% in August, far outpacing the estimate of a 0.8% decline. The month saw the Delta wave intensify and mask-wearing rules' return.
Retail sales fell 1.1% in July as virus cases surged higher. Consumer spending counts for 70% of economic activity and is crucial to the US recovery.
Remote work is transforming office life - and city centers. They're going to be permanently emptier after reopening, maybe Manhattan more than most.
The bounce nearly doubled the median estimate for a 5.8% gain and places sales at their highest level since data collection began in 1992.
The decline missed the median estimate for a 0.5% drop and marks the fourth decline for retail sales in five months.
US stocks sank on Friday as investors digested disappointing bank earnings and a December slump in retail sales. Retail sales shrank 0.7% in December as COVID-19 lockdowns cut into holiday-season spending, according to Census Bureau data published Friday. Economists expected sales to hold flat from November. Less-than-stellar earnings reports from […]
US stocks sank on Friday as investors digested President-elect Joe Biden’s stimulus plan and a December slump in retail sales. Biden rolled out a $US1.9 trillion relief proposal on Thursday that includes $US1,400 direct payments, state and local government aid, and expanded unemployment benefits. While Democrats’ soft Senate majority increases […]
US retail sales declined 0.7% in December, landing below the consensus economist forecast for unchanged spending. The reading marks a third straight month of contraction following November’s 1.4% drop and a mild decline in October. The data suggests strong online sales through the holiday season failed to offset COVID-19 lockdowns […]
US retail sales declined 1.1% in November, landing below the consensus economist estimate of a 0.3% contraction. The reading marks a slowdown from October’s 0.1% contraction, and signals holiday promotions failed to offset soaring COVID-19 cases and new economic restrictions. Spending at retailers has now shrunk for two straight months, […]
US retail sales increased 0.3% in October, coming in below the consensus economist estimate of 0.5%. Spending at retailers also contracted from the month prior as lead-in to the holiday season squared off with soaring COVID-19 case counts. The reading still marks a sixth straight monthly improvement, although its still […]
US stocks jumped on Friday as investors cheered a better-than-expected reading of September retail sales. American retail spending climbed 1.9% last month, more than double economist estimates. The reading marked the gauge’s fifth straight increase and a sharp bounce from August’s 0.6% gain. The encouraging economic data offset dwindling odds […]
US retail sales in September improved from the prior month as the nation contended with still-heightened coronavirus infection rates and a lack of new stimulus. Spending increased 1.9% last month, landing above the average economist estimate of 0.8%. The reading marks the fifth straight month of improvement and a sizeable […]
Americans spent less than expected at retailers in August as the economy reopened further. US retail sales increased 0.6% last month, missing the average economist estimate of 1%. Though the reading marks the fourth straight month of improvement, the indicator’s rally slowed through the summer as stimulus programs expired and […]
US retail sales fell a record 16.4% in April as the coronavirus outbreak spurred a economic lockdown and froze spending nationwide. The decline was more stark than economists expected. The median estimate compiled by Bloomberg expected a 12% drop. It marks the measure’s second straight record contraction, after it fell […]
Global spending on the retail industry will diminish by $US549 billion in 2020, according to a forecast by analytics firm GlobalData. Retail spending in North America and Europe is expected to contract by 4.8% and 4.4%, according to the estimates. GlobalData also anticipates global debt to surge significantly in the […]
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