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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.
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.
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 ...
Thanksgiving, Small Business Saturday, Cyber Monday, Giving Tuesday, Christmas, Buy Nothing Day. Black Friday is the Friday after Thanksgiving in the United States. It traditionally marks the start of the Christmas shopping season in the United States. Many stores offer highly promoted sales at discounted prices and often open early, sometimes ...
November sales excluding auto and gas increased by 0.6% compared to estimates for a 0.2% decrease compiled by Bloomberg. Eight of the 13 categories highlighted in the release saw increases from a ...
A fresh reading on that trend is set to greet investors on Wednesday with the April retail sales report. Economists expect that retail sales increased 0.4% in April from the prior month, down from ...
Retail sales and quarterly earnings from Home Depot (HD) Tuesday morning will set the tone for a crowded week of updates on consumer spending trends. After falling 1% on a monthly basis in March ...
May 15, 2024 at 12:27 PM. NEW YORK (AP) — Americans unexpectedly paused their spending in April from March as inflation continued to sting and elevated interest rates made taking on debt more ...