Page 2 - Us Retail Sales
US retail sales slow as Covid-19 pandemic, lack of fiscal stimulus weigh
The public health crisis and frail economy are major challenges confronting President-elect Joe Biden when he takes over from President Donald Trump in January
 "US retail sales slow as Covid-19 pandemic, lack of fiscal stimulus weigh")
US retail sales grow for 5th month in a row as Americans spent more
Retail sales rose in September for the fifth month in a row, as Americans spent more on clothing, cars and sporting goods. The US Commerce Department said Friday that retail sales grew 1.9% last month. That's up from August's increase of 0.6%. Retail sales have been recovering since plunging in the spring as stores and malls were ordered closed to help prevent the spread of the coronavirus. Much of last month's growth came from clothing stores, where sales rose 11%. At auto dealerships and repair shops, sales were up 3.6%. And those looking to go camping or buy exercise equipment for their homes sent sales at sporting goods stores up 5.7%. Consumer spending makes up two-thirds of all US economic activity, and is watched closely to gauge the country's economic health. Friday's retail sales report covers only about a third of overall consumer spending. Services such as haircuts and hotel stays are not included in the report. All of those types of businesses have been badly hurt by t
 "US retail sales grow for 5th month in a row as Americans spent more")
Appliances, apparel push US retail sales up 1.2%; but slowdown likely
Sales at retail stores and restaurants have now risen for three straight months, after plunges in March and April, when the pandemic shuttered businesses and paralysed the economy
 "Appliances, apparel push US retail sales up 1.2%; but slowdown likely")
US June retail sales up 7.5% but Covid-19 dashes hopes of economic recovery
The Census Bureau reported Thursday that retail sales are 1.1% higher than their levels from a year ago
 "US June retail sales up 7.5% but Covid-19 dashes hopes of economic recovery")
US retail sales plunge record 16% in April as Covid-19 pandemic hits
The Commerce Department's report Friday on retail purchases showed a sector that has collapsed so fast that sales over the past 12 months are down a crippling 21.6 per cent
 "US retail sales plunge record 16% in April as Covid-19 pandemic hits")
US retail sales miss the mark in Nov, cast shadow on Q4 economic growth
The Federal Reserve on Wednesday kept interest rates steady and signaled that borrowing costs were likely to remain unchanged at least through next year
 "US retail sales miss the mark in Nov, cast shadow on Q4 economic growth")
US retail sales fall 0.1% in Feb; underlying producer prices rise solidly
Slower consumer spending supports expectations of moderate economic growth in the first quarter
US retail sales down 0.2% in August; biggest drop in six months
It was likely hurt by the impact of Hurricane Harvey on motor vehicle purchases, suggesting a moderation in cosumer spending in the third quarter
 "US retail sales down 0.2% in August; biggest drop in six months")
US economy gains momentum with July retail sales at 7-month high
Consumers boosted purchases of motor vehicles and lifted discretionary spending in July
 "US economy gains momentum with July retail sales at 7-month high")
US retail sales rise 0.4% in April; consumer prices rebound
Sales rose 4.5% in April on a year-on-year basis
 "US retail sales rise 0.4% in April; consumer prices rebound")
US retail sales, consumer prices slump in March
Sales at electronics and appliances stores surged 2.6 per cent, largest increase since June 2015
 "US retail sales, consumer prices slump in March")
US retail sales weakest in 6 months; inflation firming
Inflation could allow Fed Reserve to raise interest rates despite signs of slowing domestic demand
 "US retail sales weakest in 6 months; inflation firming")
US retail sales beat expectations in January
December's retail sales were revised up to show a 1% rise instead of the previously reported 0.6%
