Holiday Retail Sales Forecast to Rise 1% to 1.5%
High unemployment and economic anxiety will weigh on consumers, keeping sales well below last year's 4.1% gain, Deloitte says.
Harley-Davidson U.S. Sales Plunge 27% in Q2
"A total rewire is necessary to make Harley-Davidson a high-performance company,” CEO Jochen Zeitz says after Harley also reported a surprise loss.
U.S. Retail Sales Plunge Record 8.7% in March
With coronavirus lockdowns starting only in the middle of March, "far worse is to come in April and the second quarter more generally."
Consumer Spending Rises 0.4% in November
“Despite the late start to the holiday season, U.S. consumers were in a festive mood, suggesting the backbone of the economy remains rock solid."
Retail Sales Jump Counters Recession Fears
Sales increased 0.7% in July, "a reassuring sign for a U.S. economy that’s facing mounting hurdles."
U.S. Retail Sales Take Surprising Dip in February
The measure of consumer spending fell 0.2% after a 1.2% gain in January, signaling tepid economic growth for the first quarter.
U.S. Business Inventories Rise 0.3% in April
The gain in inventories followed a 0.1% drop in March and was fueled by a 0.5% increase in retail inventories after a 0.7% decline the previous month.
U.S. Retail Sales Increase 0.3% in April
The second straight monthly gain indicates consumer spending is picking up after rising only 1.1% in the first quarter.
Retail Sales Point to Strong Holiday Season
While sales rose only 0.2% in October, the slowdown from September largely reflected the unwinding of hurricane-related consumer spending.
August Retail Sales Suggest Hurricane Impact
Sales unexpectedly fell 0.2% last month and economists are trimming GDP growth forecasts for Q3 because of the effects of Hurricane Harvey.
Retail Sales Post Biggest Gain in Seven Months
The July sales report supports expectations that the U.S. economy will continue on its modest growth path.