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Retail Sales in the U.S. See Weaker Increase Than Expected

The report on retail sales in the U.S. for May Commerce Department has shown a weaker increase compared to expectations. The sales rose just 0.1%, while Dow Jones expected to see a 0.2% increase, and economists polled by FactSet estimated a 0.3% increase. Retail sales...

Commerce Department Reports Unexpected Drop in Retail Sales

U.S. customers have cut their spending in May more than predicted. According to data shared by US Commerce Department, the retail sales have dropped by 0.3 percent in May compared to an expected 0.2 rise. U.S. retail sales have spiked each month since January, including...