Retail Sales Growth Slows to 0.1% After Months of Strong Spending

It is rather important to evaluate retail sales when it comes to the broader economy. Somewhere close to 70% of total U.S. gross domestic product is tied to spending at the consumer level......»»

Discretionary spending has been quite strong over the past decade, and the economy is far stronger than reported for many months in 2019. RBC has three top picks in the hardlines retail sector......»»

U.S. retail sales increased less than expected in November as Americans cut back on discretionary spending, which could see economists dialing back economic growth forecasts for the fourth quarter......»»

The retail giant posted a 12% profit rise to €2.7 billion in the first nine months of the year and robust sales growth of 7.5%......»»

U.S. retail sales rebounded moderately in October although consumers did cut back on purchases of big-ticket household items like furniture and discretionary spending, which could temper expectations for a strong holiday shopping season......»»

Consumer Loses Faith As Annual Retail Sales Growth Slows Dramatically While Chinese retail sales grew at the slowest pace since 2003 and US consumer comfort has plunged recently, US retail sales were expected to rebound in October after Sept.....»»

U.S. drugmaker Bristol-Myers Squibb Co reported higher-than-expected third-quarter profit on Thursday, helped by strong sales of blood thinner Eliquis, even as growth of its blockbuster cancer treatment Opdivo slowed......»»

Japanese retail sales grew at the strongest pace in 5-1/2 years in September as consumers rushed to buy big-ticket items to beat a rise in the country's sales tax, raising concerns spending could pull back sharply in the coming months......»»

Japanese retail sales grew the most in 5-1/2 years in September, boosted by consumers accelerating spending to beat a national sales tax hike that kicked in this month, raising some concerns about a subsequent pullback in demand in the coming months......»»

Despite a recent drop in retail sales, softer business spending and a slowdown in job growth, the housing market keeps humming along. That's good news for a US economy that may need housing to keep the current recovery alive......»»

Sales at U.S. retailers fell in September for the first time in seven months as most stores posted lower receipts, signaling that a widely expected slowdown in consumer spending is under way......»»

U.S. retail sales increased more than expected in August, pointing to solid consumer spending that should continue to support a moderate pace of economic growth......»»

U.S. retail sales increased more than expected in August, pointing to solid consumer spending that should continue to support a moderate pace of economic growth......»»

U.S. retail sales increased more than expected in August, pointing to solid consumer spending that should continue to support a moderate pace of economic growth......»»

U.S. job growth slowed more than expected in August, with retail hiring declining for a seventh straight month, but strong wage gains should support consumer spending and keep the economy expanding moderately amid rising threats from trade tensions......»»

U.S. job growth slowed more than expected in August, with retail hiring declining for a seventh straight month, but strong wage gains should support consumer spending and keep the economy expanding moderately amid rising threats from trade tensions......»»

The U.S. economy slowed in the second quarter, but the strongest growth in consumer spending in 4-1/2 years amid a strong labor market could further temper financial market expectations of a recession......»»

The dollar recovered from early weakness but a gauge of world equity performance edged lower on Thursday as concerns about global growth offset investor optimism over a surge in U.S. retail sales last month and strong Walmart earnings......»»

The dollar recovered from early weakness but a gauge of global equity performance edged lower on Thursday as concerns about global growth offset investor optimism over a surge in U.S. retail sales last month and strong Walmart earnings......»»

British retail sales unexpectedly edged up in July, helped by strong online spending. But ASDA, the UK supermarket arm of Walmart, has become the latest to warn on how Brexit uncertainty is hitting customers. David Pollard reports......»»