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Myles Udland, Brian Sozzi, and Julie Hyman break down the April retail sales report and the state of consumers with Moody’s Vice President & Senior Credit Officer Charlie O’Shea.
Excluding autos and gas, retail sales declined by 0.1% last month; expectations had been for a 0.1% increase. Nonstore retailers, which includes online sales, led the declines, falling 1.2% from ...
Economists polled by Reuters had forecast retail sales, which are mostly goods and are not adjusted for inflation, gaining 0.4% in April. Sales rose 3.0% year-on-year in April.
Retail sales increased 0.4% in April compared with March, when sales decreased 0.7%. Retail sales data from the U.S. are not adjusted for inflation unlike many other government reports, so the ...
Retail sales rose 0.4% in April from the previous month, representing only half of the growth that Wall Street had expected. Economists had projected sales would rise 0.8% over the prior month ...
It wasn’t just Walmart that brought up concerns about the health of the consumer in its first quarter earnings report. Target saw its net sales drop 3.1% from a year ago to $24.5 billion in the ...
NEW YORK (AP) — Consumers barely increased spending in May from April as still high prices on groceries and other necessities and high interest rates curbed spending. Retail sales rose 0.1% in ...
Americans unexpectedly paused their spending in April from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome. Retail sales were unchanged ...