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Retail sales increased 3.8% year-on-year in November. Labor market resilience, characterized by historically low layoffs and strong wage growth, is underpinning consumer spending.
Retail sales increased 3.9% year-on-year in December. Sales at auto dealerships rose 0.7% after accelerating 3.1% in November. Receipts at furniture stores shot up 2.3% while those at clothing ...
The figures, announced Thursday, marked a clear sign that consumers are still able and willing to shop, and the data bodes well for 2025 even as shoppers remain deal-focused. Retail sales rose 0.4 ...
Retail sales increased 2.1% on a year-on-year basis in August. Online store sales rebounded 1.4% after falling 0.4% in July. Sales at gasoline stations dropped 1.2%, reflecting lower prices at the ...
Economists polled by Reuters had forecast retail sales, which are mostly goods and are not adjusted for inflation, would fall 0.3% after a previously reported 0.1% gain in May. Retail sales ...
Retail sales rose 0.7% in November, the Commerce Department said Tuesday, a solid increase and higher than October's 0.5% gain. Sales jumped 2.6% at auto dealers, driving most of the gain. The ...
Technology stocks weighed on Wall Street on Tuesday, as investors grew cautious ahead of the Federal Reserve's interest rate decision this week following a stronger-than-expected retail sales reading.
Retail sales rose 0.6% last month after an unrevised 0.3% gain in November, the Commerce Department's Census Bureau said. Economists polled by Reuters had forecast retail sales would gain 0.4%.