Sales at retailers barely rose in April as the boost from an unseasonably warm winter faded, pointing to some loss of momentum in consumer spending early in the second quarter. However, the Commerce Department ...
WASHINGTON (Reuters) - Sales at retailers barely rose in April as the boost from an unseasonably warm winter faded, pointing to some loss of momentum in consumer spending early in the second quarter. Retail sales edged up 0.1 percent, held back by a decline in receipts from building materials and clothing stores, the Commerce Department said on Tuesday. That was the smallest gain since December when sales were flat. March's sales were revised slightly down to show a 0.7 percent rise rather than the previously reported 0.8 percent increase. ...
WASHINGTON — U.S. retail sales rose more than expected in February as Americans bought motor vehicles and a range of other goods even as they paid more for gasoline, suggesting consumer spending this quarter will hold up despite higher taxes.
The Commerce Department said on Wednesday retail sales increased 1.1%, the largest rise since September, after a revised 0.2% gain in January.
Economists polled by Reuters had expected retail sales, which account for about 30% of consumer spending, to rise 0.5% last month after a previously reported 0.1% gain in January.
WASHINGTON — U.S. retail sales rose more than expected in May and first-time applications for jobless benefits fell last week, suggesting the economy was squeezing out of a recent soft patch.
The signs of resilience in the economy, despite belt-tightening in Washington, could heat up the debate on when the Federal Reserve might start scaling back its expansive monetary stimulus.
WASHINGTON — U.S. retail sales barely rose in April and a gauge of consumer spending slipped, which could temper hopes of a sharp acceleration in economic growth in the second quarter.
The Commerce Department said on Tuesday retail sales edged up 0.1% last month, held back by declines in receipts at furniture, electronic and appliance stores, restaurants and bars and online retailers.