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News
US Retail Sales Drop 0.6% In July, Missing Forecasts As Consumers Pull Back
4+ week, 1+ day ago (306+ words) US retail sales fell 0.6% in July, a sharper decline than the 0.1% increase economists had expected, signaling that consumers are pulling back on discretionary spending amid persistent inflation and higher borrowing costs. The monthly retail sales report, released by the Census…...
US Retail Sales Control Group Drops 0.4% In July, Reversing June's Gain
4+ week, 1+ day ago (551+ words) US retail sales control group fell 0.4% in July, reversing the 0.5% increase recorded in June, according to data released today by the Commerce Department. The decline signals a cooling in consumer spending, a key driver of the American economy, and may…...