Retail Sales Surged in July. The Fed Can Breathe a Sigh of Relief.

Retail sales climbed 1% in July from June, according to data released Thursday by the Census Bureau. Economists polled by FactSet expected a 0.3% increase. On an annual basis, sales rose 2.7%.


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Retail Sales Surged In July. The Fed Can Breathe A Sigh Of Relief.

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Retail sales climbed 1% in July from June, according to data released Thursday by the Census Bureau. Economists polled by FactSet expected a 0.3% increase. On an annual basis, sales rose 2.7%.

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Retail Sales: Spending Is Suddenly Surging In The US Economy’s …

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Aug 15, 2024  · Excluding that category, retail sales were up by a still-strong 0.4% in July from June. Retail spending on electronics and at grocery stores also rose robustly last month, up by …

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Sales At Stores Are Suddenly Surging In The US Economy’s Latest

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Excluding that category, retail sales were up by a still-strong 0.4% in July from June. Retail spending on electronics and at grocery stores also rose robustly last month, up by 1.6% and …

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Americans Spent More At Retailers In July Despite Higher Prices

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Aug 15, 2024  · Sales at electronics and appliances stores surged 1.6%. And they rose 0.9% at hardware stores and garden centers. Restaurant sales were up 0.3%, a sign that Americans …

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Retail Sales Surprisingly Jumped In July - Investopedia

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Aug 15, 2024  · The volume of retail sales rose 1% in July from June to $709.7 billion, the highest monthly jump since January 2023, the Census Bureau said Thursday. ... The Fed's Favorite …

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US Retail Sales Rose Strongly In July; Up 1.0% Versus Expected 0.4

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Aug 15, 2024  · U.S. retail sales rose by a larger than expected amount in July, pointing to resilience in consumer spending activity ahead of next month’s Federal Reserve meeting. …

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US Retail Spending Picked Up Sharply In July

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Aug 15, 2023  · It was also the fourth straight month that retail sales increased. Retail sales, which are adjusted for seasonality but not inflation, rose 0.7% in July from the prior month, the …

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Strong US Retail Sales Underscore Economy's Resilience - Yahoo …

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Aug 15, 2023  · Sales at food services and drinking places, the only services category in the retail sales report, shot up 1.4% after rising 0.8% in June. Economists view dining out as a key …

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Strong US Retail Sales Underscore Economy's Resilience

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Aug 15, 2023  · The Fed has since March 2022 raised its benchmark overnight interest rate by 525 basis points to the current 5.25% to 5.50% range. ... retail sales surged 1.0% in July. Data for …

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Retail Sales: Consumers Shrug Off Higher Prices And Buy In July

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Aug 15, 2024  · As reported by the Commerce Department on Thursday (Aug. 15), retail sales, unadjusted for inflation, were up 1% in July, well above the consensus estimates for a 0.4% …

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Sales At Stores Are Suddenly Surging In The US Economy’s Latest …

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Aug 15, 2024  · Excluding that category, retail sales were up by a still-strong 0.4% in July from June. Retail spending on electronics and at grocery stores also rose robustly last month, up by …

yahoo.com

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US Retail Sales Increase More Than Expected In July - Nasdaq

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Aug 15, 2023  · The Fed has since March 2022 raised its benchmark overnight interest rate by 525 basis points to the current 5.25%-5.50% range. ... retail sales surged 1.0% in July.

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Retail Sales Rose Solidly Last Month In A Sign That ... - The Hill

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Aug 15, 2023  · Retail sales rose a better-than-expected 0.7% in July from June, according to the Commerce Department’s report Tuesday. The gain was higher than a revised 0.3% increase …

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Retail Sales Cool In July As White-hot Inflation Weighs On Spending

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Aug 17, 2022  · Online sales surged 2.7%, boosted by Amazon Prime Day. Spending at home and furniture sales also surged in July, jumping 1.9% for the month. Sales at bars and restaurants, …

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Retail Sales Jumped In July - LinkedIn

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Aug 15, 2024  · Retail sales rebounded in July as inflation continued to cool.The value of purchases jumped 1% after a revised 0.2% decrease in June, the Commerce Department said …

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July Retail Sales Surprise To Upside In Latest Sign Of Resilient Consumer

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Aug 15, 2023  · Retail sales rose 0.7% in July from the previous month, more than Wall Street's estimates for 0.4% growth. Sales excluding auto and gas increased by 1.0%, well above …

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Retail Sales Mixed As Fed Weighs Half-Point Cut

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Sep 17, 2024  · Furniture store sales dipped 0.7% in August, but July's gain was revised up to 1.7% from 0.5%, underscoring that the retail sales data is subject to big revisions. Fed …

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CPI, Retail Sales May Calm S&P 500, Curb Fed Rate-Cut Views

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Aug 12, 2024  · Retail sales, out Thursday at 8:30 a.m. ET, are forecast to grow 0.3% on the month, but just 0.1% excluding autos. Yet Nomura expects a 0.7% rise in overall sales, with …

investors.com

FAQs about Retail Sales Surged in July. The Fed Can Breathe a Sigh of Relief. Coupon?

How did retail spending perform in July?

Retail spending on electronics and at grocery stores also rose robustly last month, up by 1.6% and 1%, respectively. Americans also continued to spend at bars and restaurants at a healthy pace. Meanwhile, sales were down at specialty stores and clothing retailers in July. ...

What did July retail sales tell us about the economy?

Auto dealers, electronics and appliance stores and grocery stores all reported strong sales gains. The July retail sales data provided reassurance that the U.S. economy, while slowing under the pressure of high interest rates, remains resilient. It showed that America’s consumers, the primary driver of economic growth, are still willing to spend. ...

What happened to retail sales in July?

Retail Sales Surged in July. The Fed Can Breathe a Sigh of Relief. Spending rose at a faster clip than expected last month, showing American consumers are still eagerly shopping as the economy weakens. ...

Did US retail sales surge in July?

Sales at US retailers unexpectedly surged in July, the Commerce Department said Thursday, rising by a solid 1% from the prior month, up from June’s downwardly revised 0.2% decline. That trounced economists’ expectations of a 0.3% gain. ...

How much did retail sales increase in July?

Retail sales climbed 1% in July from June, according to data released Thursday by the Census Bureau. Economists polled by FactSet expected a 0.3% increase. On an annual basis, sales rose 2.7%. June’s retail sales were revised to a 0.2% decrease; the bureau initially reported they were unchanged from May. ...

How did retail sales perform in 2018?

Department stores posted a 0.9% increase, while clothing and accessories stores had a 1% gain. Sales at sporting goods stores and hobby stores rose 1.5%. At restaurants, sales rose 1.4%, while online sales increased 1.9%. ...

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