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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 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.
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%.
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.
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.
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 ...