WASHINGTON –Retail sales reversed their downward trend in July as Prime Day and major promotions by other brands prompted increased shopping while wage increases gave consumers more money to spend, according to the National Retail Federation. “July retail sales show consumers continue to drive the economy through this period of economic pressure with robust spending
WASHINGTON – April retail sales rose 0.9% from the previous month to $677.7 billion, the Commerce Department reported today. It was the fourth consecutive monthly increase in the face of rising consumer prices. April’s increase followed the 0.5% gain in March sales, when Russia’s military invasion of Ukraine caused gasoline prices to surge. Pump prices
WASHINGTON — U.S. retail sales rose 0.8% in October from the previous month and were up 4.3% from a year earlier, the Commerce Department reported earlier this month. September retail sales were revised higher to show a 1% increase instead of the previously reported 0.6% increase. The combined September and October sales gain was the
WASHINGTON — U.S. retail sales in July held steady at a seasonally adjusted $457.7 billion, the Commerce Department said. The July sales figures represented a 2.3% increase from a year earlier. The department also revised June retail sales upward by 0.2% to a gain of 0.8% to reflect stronger spending at the nation’s retailers and
WASHINGTON – Retail sales increased 0.1% in October after being unchanged in September and August, the Commerce Department said. So-called core retail sales rose 0.2% last month after increasing 0.1% in September, the government noted. Core sales exclude automobiles, gasoline, building materials and food, and therefore correspond more closely to the consumer spending component of