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Commerce Department

Retail sales rose sharply in July

Retail sales rose sharply in July

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

Retail sales rise 0.9% in April

Retail sales rise 0.9% in April

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

Retail sales remain anemic in October

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