• Retail Sales increased 0.5% in May

    1 month ago - By Calculated Risk

    On a monthly basis, retail sales increased 0.5 percent from April to May , and sales were up 3.2 percent from May 2018.
    From the Census Bureau report :
    Advance estimates of U.S. retail and food services sales for May 2019, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $519.0 billion, an increase of 0.5 percent from the previous month, and 3.2 percent above May 2018.... The March 2019 to April 2019 percent change was revised from down 0.2 percent to up 0.3 percent.
    emphasis added
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  • Solid U.S. retail sales offer economy some respite

    Solid U.S. retail sales offer economy some respite

    1 month ago - By Reuters

    U.S. retail sales increased in May and sales for the prior month were revised higher, suggesting a pick-up in consumer spending that could ease fears the economy was slowing down sharply in the second quarter.
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  • U.S. auto industry faces 30% drop by 2022, analyst predicts

    U.S. auto industry faces 30% drop by 2022, analyst predicts

    1 month ago - By Stl Today

    DETROIT - The U.S. auto industry is heading toward a nearly 30% decrease in sales by 2022, a Bank of America Merrill Lynch analyst predicts. Softening vehicle sales since 2016 will continue as cyclical demand softens. And that will challenge...
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  • US retail sales rose 0.5% in May, led by online shopping

    1 month ago - By Chron

    WASHINGTON - Americans stepped up their retail spending last month, a sign that low unemployment and modest wage gains are encouraging consumers to shop.
    The Commerce Department said Friday that retail sales rose 0.5% in May, after a smaller gain of 0.3% in the previous month. April's figure was revised up from an earlier estimate that had showed a decline.
    The figures suggest that Americans remain confident enough in the economic outlook to spend. In June, the economy reached its 10th year of expansion, tying the 1990s as the longest on record. Measures of consumer confidence, after...
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  • US retail sales rose a solid 0.5% in May as consumers spent more on cars, electronics

    1 month ago - By Chron

    WASHINGTON - US retail sales rose a solid 0.5% in May as consumers spent
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