Consumer spending in the United States remains resilient according to the Census Bureau data for October. The retail sales in October jumped higher than expected, while the September numbers saw significant revisions.
In October, the retail sales rose by 0.4% compared to 0.3% expected by...
Retail sales in the United States stabilized in July, thereby indicating positive economic health. Sales rose by 1% for the month, thereby reversing a 0.2% drop in June and significantly outpacing the 0.3% rise that economists expected.
The largest increase since January, retail sales were...
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...
U.S. retail sales grew in September, beating forecasts as consumer spending remains resilient in the face of a slowdown. Retail sales increased by 0.7% compared to August, thereby outpacing estimates of a 0.1% rise compiled by Bloomberg. August sales were revised upwards to 0.8%...
The U.S. retail sector conveyed mixed signals this week following a wave of incoming earnings reports and the release of consumer spending and student loan repayments data. While retail earnings largely beat Wall Street expectations, an increase in student loan repayment concerns has convinced...
P&G CEO Jon Moeller expressed a positive outlook on his company's future earnings, expecting to rake in $400 million in after-tax profits over the next 12 months as inflation seems likely to continue cooling.
"The US inflation picture is moderating some," Moeller explained following the...
