With the critical holiday shopping season fast approaching, American consumers continued to open their wallets in October, though at a decelerating pace. The October increase of 0.3% in top-line domestic retail sales and the control estimate that feeds into the calculation of domestic gross domestic product reaffirm that the consumer remains on a solid footing. … READ MORE >
retail sales
US data deluge: cold cup of coffee on a sunny summer day
This morning’s data deluge provided a perfect snapshot of the U.S. economy at the current time. A robust consumer, driven by strong real compensation in the first quarter of the year, continued to prop up the American economy, even as the domestic manufacturing sector contracted by 0.5% on a year-ago basis. … READ MORE >
U.S. February retail sales point to weak Q1 household spending
Soft top-line and underlying core retail sales in February point to persistent weak household spending in the first quarter of the year. … READ MORE >