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Within the details of Thursday's retail sales report, economists had few qualms. July sales, excluding auto and gas, rose 0.4%, above consensus estimates for a 0.2% increase. The control group in ...
The Dow closed 555 points, or 1.4% higher, as investors cheered the retail sales report. The S&P 500 gained 1.6%, and the Nasdaq Composite added 2.3%.
GM reported third quarter sales in the US that were lower compared to a year ago, though retail sales climbed higher and EV sales hit a fresh record.For the quarter, GM delivered 659,601 vehicles ...
Sales at food services and drinking places, the only services component in the report, gained 0.3% after rising 0.4% in May. Economists view dining out as a key indicator of household finances ...
Since 1951, the U.S. Census Bureau has published the Retail Sales report every month. It is a measure of consumer spending, an important indicator of the US GDP. Retail firms provide data on the dollar value of their retail sales and inventories. A sample of 12,000 firms is included in the final survey and 5,000 in the advanced one.
The March retail sales report provides a look at the health of the consumer as economists debate whether the US economy can remain resilient despite the high interest rate environment.
Retail sales rose 0.1% in May, below the pace that economists projected, according to the Commerce Department. Excluding gas prices and auto sales, retail sales rose the same amount.
A rush of deep discounts and the growth of flexible payment options were the drivers behind $9.8 billion in online sales in the U.S. on Black Friday — a record figure for the day.