• Retail Sales Rose 0.5% in June

    3 monthes ago - By Crossing Wall Street

    The consumer is still behaving well. This morning, the Census Bureau said that retail sales rose 0.5% last month. They also revised the figure for May up to +1.3%. Take away cars and gas, then retail sales rose 0.3% last month.
    From Bloomberg:
    At the same time, a key subset of the data signaled less momentum: So-called retail-control group sales, which are used to calculate gross domestic product and exclude food services, auto dealers, building materials stores and gasoline stations, were unchanged in June after an upwardly revised 0.8 percent increase. The median estimate of economists...
    Read more ...

     

  • Retail Sales increased 0.5% in June

    Retail Sales increased 0.5% in June

    3 monthes ago - By Calculated Risk

    On a monthly basis, retail sales increased 0.5 percent from May to June , and sales were up 5.9 percent from June 2017.
    From the Census Bureau report :
    Advance estimates of U.S. retail and food services sales for June 2018, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $506.8 billion, an increase of 0.5 percent from the previous month, and 6.6 percent above June 2017. Total sales for the April 2018 through June 2018 period were up 5.9 percent from the same period a year ago. The April 2018 to May 2018 percent change was revised...
    Read more ...

     

  • Survey of economists: US sales and employment likely to grow

    3 monthes ago - By Philly

    DETROIT - Most U.S. business economists expect corporate sales to grow over the next three months and hiring and pay to rise with them.
    Read more ...

     

  • Strong U.S. retail sales brighten economic outlook

    3 monthes ago - By Reuters

    U.S. retail sales rose solidly in June as households boosted purchases of automobiles and a range of other goods, cementing expectations for robust economic growth in the second quarter.
    Read more ...

     

  • Majority of U.S. Business Economists Believe Employment and Wages Likely to Grow

    3 monthes ago - By Fortune

    The majority of U.S. business economists believe that corporate sales, hiring, and wages are on track to rise throughout the next three months-but not due to the Trump administration's corporate tax cuts or trade disputes.
    The results of a National Association for Business Economists' Business Conditions Survey released on Monday shows that 68% of the 98 respondents predict that sales will grow over the next three months, while all of the panelists foresee the country's GDP to expand over the course of the next year.
    "Labor market conditions are tight, with skilled labor shortages driving...
    Read more ...

     

  • U.S. retail sales increase solidly in June

    3 monthes ago - By Reuters

    U.S. retail sales rose solidly in June, boosted by increases in purchases of motor vehicles and a range of other goods, cementing expectations for robust economic growth in the second quarter.
    Read more ...

     

  • US retail sales rose at a healthy 0.5 percent pace in June as optimistic consumers spend more

    3 monthes ago - By Chron

    WASHINGTON - US retail sales rose at a healthy 0.5 percent pace in June as optimistic consumers spend more.
    Read more ...

     

  • US retail sales rise at a healthy 0.5 percent pace in June

    3 monthes ago - By Chron

    WASHINGTON - U.S. retail sales rose at a solid pace last month despite higher prices and modest wage gains, a sign of underlying consumer optimism.
    The Commerce Department said Monday that sales at retailers and restaurants increased 0.5 percent in June, following a big 1.3 percent gain the previous month. May's figure was revised sharply higher from an initial estimate of 0.8 percent.
    Americans are confident about the economic outlook, with the unemployment rate near an 18 year-low and the economy accelerating after a sluggish first quarter. Retail sales rose 6.6 percent from a year...
    Read more ...