WASHINGTON, May 15 (Reuters) - U.S. retail sales were unexpectedly flat in April as higher gasoline prices pulled spending away from other goods, indicating that consumer spending was losing momentum.
Excluding autos and gas, retail sales declined by 0.1% last month; expectations had been for a 0.1% increase. Nonstore retailers, which includes online sales, led the declines, falling 1.2% from ...
Taylor Tompkins has worked for more than a decade as a journalist covering business, finance, and the economy. She has logged thousands of hours interviewing experts, analyzing data, and writing ...
Retail sales were weaker than expected in April, furthering concerns about the state of the consumer amid sticky inflation and higher interest rates. Retail sales were flat in April from the previous ...
The US consumer showed signs of slowing in April. Retail sales were flat in the month, according to data from the Commerce Department, furthering concerns about the state of the consumer amid ...
Economists had predicted that GDP would be flat in April, held down by weaker-than-usual retail sales over the Easter period.
The US retail sales revealed signs of a slowdown in US consumer spending during the month of April. Retail sales remained flat in April, marking a deceleration from the revised 0.6% month-over ...