• Retail sales in the U.S. unexpectedly declined in April

    9 days ago - By ETF Daily News

    From Reade Pickert : U.S. retail sales unexpectedly declined in April for the second time in three months, weighed down by soft sales of autos and building materials and suggesting consumer spending will remain subdued this quarter.
    The value of overall sales declined 0.2% after a 1.7% increase the prior month that was the strongest gain since 2017, according to Commerce Department figures released Wednesday. That compared with the median forecast in Bloomberg's survey calling for a 0.2% rise.
    Sales in the “control group” subset, which some analysts view as a cleaner gauge of underlying...
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  • US industrial production down 0.5% in April

    US industrial production down 0.5% in April

    9 days ago - By Chron

    WASHINGTON - U.S. industrial production fell in April, dragged by a big drop in factory output as production of autos and auto parts continued to slide.
    Industrial output - reflecting total production at factories, utilities and mines - dropped 0.5% in April after a 0.2% March gain, the Federal Reserve reported Wednesday. Industrial production fell 0.5% in February.
    Manufacturing output fell 0.5%, led by a 2.6% decline in motor vehicles and parts, which has fallen in three of the past four months.
    Production at the nation's utilities fell a sharp 3.5%. Production at mines, a sector that...
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  • Weak U.S. retail sales point to slowing economy

    9 days ago - By Reuters

    U.S. retail sales unexpectedly fell in April as households cut back on purchases of motor vehicles and a range of other goods, pointing to a slowdown in economic growth after a temporary boost from exports and inventories in the first quarter.
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  • Wall Street set to open lower after weak retail sales data

    9 days ago - By Reuters

    Wall Street was set to open lower on Wednesday, as a surprise fall in domestic retail sales and underwhelming data from China raised growth concerns, while investors waited for more developments on the U.S.-China trade dispute.
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  • U.S. factory output drops for third time in four months

    9 days ago - By Reuters

    Declining output of cars and machinery led U.S. factory production to fall unexpectedly in April, a sign the economy is losing a step as a trade war with China intensifies.
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  • US industrial production drops 0.5% in April amid big decline in auto output

    9 days ago - By Chron

    WASHINGTON - US industrial production drops 0.5% in April amid big decline in auto output.
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  • Trade battle hits China's retail - but German economy rebounds

    9 days ago - By Reuters

    Trade war clouds darken over China as retail sales growth falls to a 16-year low, according to new data, and industrial output slows. But Germany's first-quarter GDP numbers are hailed as a 'first ray of hope' for showing an economy returning to expansion. Pascale Davies reports.
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  • U.S. retail sales unexpectedly fall in April

    9 days ago - By Reuters

    U.S. retail sales unexpectedly fell in April as households cut back on purchases of motor vehicles and a range of other goods, which could temper expectations for a sharp rebound in consumer spending after it slowed in the first quarter.
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  • US retail sales slipped 0.2% in April

    9 days ago - By Chron

    WASHINGTON - U.S. retail sales declined last month, as Americans cut back their spending on clothes, appliances, and home and garden supplies.
    Sales dropped 0.2% in April, the Commerce Department said Wednesday, after a big 1.7% jump in March. Car sales dropped 1.1% last month and sales at electronics and appliance stores dropped 1.3%.
    Economists are having a difficult time gauging the mood of consumers this year. Retail sales have been on a seesaw pattern, rising at a healthy pace in January, then falling in February, followed by the big jump in March and now a drop in April. The data...
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  • US retail sales slip 0.2% in April as spending on cars, appliances and clothing falls

    9 days ago - By Chron

    WASHINGTON - US retail sales slip 0.2% in April as spending on cars, appliances and clothing falls.
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