Consumer spending fell in October, according to new CNBC/NRF Retail Monitor tracking card transactions
The consumer took a spending break ahead of the holiday season, with October retail sales, excluding autos and gas, falling by 0.08%, and core retail, which also removes restaurants, declining by 0.03%, according to the new CNBC/NRF Retail Monitor. The new Retail Monitor, debuting Monday, is a joint product of CNBC and the National Retail […]
Retail sales rose 0.7% in September, much stronger than estimate
Consumers showed surprising strength in September, boosting retail sales well above expectations despite high interest rates and worries over a weakening economy. Retail sales rose 0.7% on the month, well above the 0.3% Dow Jones estimate, according to the advance report the Commerce Department released Tuesday. Gas station sales helped propel the headline number, rising […]
Retail investors have a surprising new favourite: Treasury bills
Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. When treasury bonds (or t-bills) last yielded as much as they do today—5.5%—punters were relieved that the world had not been destroyed by the millennium bug, Destiny’s Child were atop the charts and the dotcom […]
Retail sales report July 2023:
Consumer spending held up well in July as inflation slowed, with retail sales turning in a stronger-than-expected showing for the month, the Commerce Department reported Tuesday. The advanced retail sales report showed a seasonally adjusted increase of 0.7% for the month, better than the 0.4% Dow Jones estimate. Excluding autos, sales rose a robust 1%, […]
Retail sales April 2023:
A shopper browses shirts at a clothing store in Atlanta, Georgia, US, on Tuesday, Feb. 14, 2023. Dustin Chambers | Bloomberg | Getty Images Consumers barely kept up with inflation in April, as retail sales increased but fell short of expectations, the Commerce Department reported Tuesday. The advanced sales report showed an increase of 0.4%, […]
Wholesale prices post decline of 0.1%, retail sales fall
A customer looks over merchandise at a store on March 14, 2023 in Miami, Florida. Joe Raedle | Getty Images Wholesale prices posted an unexpected decline in February, providing some encouraging news on inflation as the Federal Reserve weighs its next move on interest rates. The producer price index fell 0.1% for the month, against […]
Positive UK retail data nods to tentative consumer confidence
Today’s top stories A spring offensive by Russian forces in Ukraine appears to be advancing in “metres not kilometres”, according to UK defence secretary Ben Wallace. UK prime minister Rishi Sunak was in Belfast today to seek backing from local politicians as he attempts to resolve the bitter dispute over post-Brexit EU trade relations. The […]
Retail sales jump 3% in January, smashing expectations despite inflation increase
Sales at retailers rose far more than expected in January as consumers persevered despite rising inflation pressures. Advance retail sales for the month increased 3%, compared with expectations for a rise of 1.9%, the Commerce Department reported Wednesday. Excluding autos, sales rose 2.3%, according to the report, which is not adjusted for inflation. The ex-autos […]
Wholesale prices fell 0.5% in December, much more than expected; retail sales fall
Prices for wholesale goods and services fell sharply in December, providing another sign that inflation, while still high, is beginning to ease. The producer price index, which measures final demand prices across hundreds of categories, declined 0.5% for the month, the Labor Department reported Wednesday. Economists surveyed by Dow Jones had been looking for a […]
