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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 ...
A customer checks prices while shopping at a retail store in Vernon Hills, Ill., Monday, June 12, 2023. On Tuesday, the Commerce Department released U.S. retail sales data for June.
Footnotes. The United States Department of Commerce (DOC) is an executive department of the U.S. federal government concerned with promoting the conditions for economic growth and opportunity. Among its tasks are gathering economic and demographic data for business and government decision making and helping to set industrial standards.
Retail sales ticked up 0.1% from July to August, after jumping the most in a year and a half the previous month, the Commerce Department said Tuesday. Online retailers, sporting goods stores, and ...
In October 2022, it increased by 23.1% year by year, which was the most considerable rise since April 2021, faster than the 20.7 per cent increase recorded a month earlier. Retail dropped by 1.9% after accumulating 2.1%in the earlier month. For the first 10 months of 2022, retail sales increased by 15.5% by measuring the exact time of 2021.
The national income and product accounts (NIPA) are part of the national accounts of the United States. They are produced by the Bureau of Economic Analysis of the Department of Commerce. They are one of the main sources of data on general economic activity in the United States. They use double-entry accounting to report the monetary value and ...
July 16, 2024 at 10:46 AM. FreshSplash/E+/Getty Images. Wall Street is cheering after fresh data showed American consumers aren’t tapping out quite yet, despite a disappointing few months for ...
The National Retail Federation releases an annual retail sales forecast each spring. NRF forecasted that 2024 retail sales would be between 2.5% and 3.5% to between $5.23 trillion and $5.28 trillion. [41] The 2024 sales forecast compares with 3.6% annual sales growth of $5.1 trillion in 2023. [42]