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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 ...
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 ...
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%.
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.
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.
Retail sales rose 0.7% in September, more than twice what economists had expected, and close to a revised 0.8% bump in August, the Commerce Department reported Tuesday.
The July retail sales report is expected at 8:30 a.m. ET on Tuesday with economists anticipating sales increased 0.4% over the prior month. Retail sales increased 0.2% in June.
Retail sales fell 0.8% in January from the strong pace in December when they rose a revised 0.4%, according to the Commerce Department's report on Thursday. Excluding sales at auto dealerships and ...