Solid US retail sales in October underscore economy's resilience

Nov 15, 2024 · U.S. retail sales increased slightly more than expected in October as households boosted purchases of motor vehicles and electronic goods, suggesting the economy kicked off …

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Retail Sales Up Solidly In October As Americans Showed Continued ...

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Nov 15, 2024 · The latest retail sales figures suggest that the economy is growing briskly again in the current October-December quarter, after having expanded at a sturdy 2.8% annual rate in …

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Solid US Retail Sales In October Underscore Economy’s Resilience

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Dec 21, 2024 · October Retail Sales Report. The U.S. Commerce Department reported a 0.7% increase in retail sales for October, surpassing economists’ forecasts of a more modest 0.3% …

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Solid US Retail Sales In October Underscore Economy's Resilience

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Nov 15, 2024 · Online retail sales edged up 0.3%, despite Amazon's Prime Day promotion. But sales at clothing stores fell 0.2% while those at furniture outlets declined 1.3%. There were …

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US Retail Sales Exit 2024 With Momentum; Labor Market On Solid …

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1 day ago · Retail sales increase 0.4% in December; Core retail sales jump 0.7%; November data unrevised; Weekly jobless claims rise 14,000 to 217,000; Continuing claims decrease 18,000 …

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US Retail Sales Showcase Resilience Of Economy’s Growth Engine

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Oct 17, 2024 · US Retail Sales Showcase Resilience of Economy’s Growth Engine Value of purchases increased 0.4% in September after 0.1% gain Figures cap another likely quarter of …

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US Retail Sales Rose Modestly Last Month Amid Solid Holiday …

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1 day ago · Much of last month's increase in spending was driven by a 0.7% jump in car sales, and a 2.3% spike in purchases of furniture. The report isn't adjusted for price increases, …

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Solid US Retail Sales In October Underscore Economy's Resilience

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Economists polled by Reuters had forecast retail sales, which are mostly goods and are not adjusted for inflation, would climb 0.3% after a previously reported 0.4% gain in September. …

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American Shoppers Wrap Up The Year In A Spending Mood, …

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1 day ago · Otherwise, most types of retailers reported solid gains. Ashworth now expects the economy expanded at a healthy annual rate of 2.9% in the final three months of last year, up …

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US Retail Sales Exit 2024 With Momentum; Labor Market On Solid …

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2 days ago · Retail sales increased 3.9% year-on-year in December. Sales at auto dealerships rose 0.7% after accelerating 3.1% in November. Receipts at furniture stores shot up 2.3% …

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US Retail Sales Rose Modestly Last Month Amid Solid Holiday …

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1 day ago · Americans stepped up their spending at retail stores and restaurants last month in a clear sign that consumers are still able and willing to shop. Retail sales rose 0.4% in …

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FAQs about Solid US retail sales in October underscore economy's resilience Coupon?

Why did US retail sales increase more than expected in October?

WASHINGTON (Reuters) -U.S. retail sales increased slightly more than expected in October as households boosted purchases of motor vehicles and electronic goods, suggesting the economy kicked off the fourth quarter on a strong note. ...

How did retail sales perform in October?

Retail sales rose 0.4% from September to October, the Commerce Department said Friday, a solid increase though less than the previous month’s robust 0.8% gain. A 1.6% jump in sales at auto dealers drove much of the gain. Purchases climbed 2.3% at electronics and appliances stores and 0.7% at restaurants and bars. ...

How much did retail sales increase in October 2024?

Shoppers peruse merchandise at a Kohl's department store in Ramsey, N.J., Oct. 10, 2024. Retail sales rose 0.4 percent from September to October according to the Commerce Department, a solid increase though less than the previous month's robust 0.8 percent gain. Why has U.S. Consumer Spending Increased? ...

Why did US retail sales fall less than forecast in October?

US retail sales fell less than expected in October, indicating consumers' relative resilience despite economic pressures and warnings from several big retailers about crimping spending ahead of the holiday season. ...

Which retailer raised its full-year outlook?

TJX Companies, which owns discount retail chains TJ Maxx and Marshalls, reported better than expected results on Wednesday and raised its full-year outlook for earnings and comparable sales. Some retailers show better signs of navigating consumers’ price sensitivity than others. ...

How did September's retail sales affect consumer spending?

Nonetheless, the sharp upward revision to September's core retail sales put consumer spending and the overall economy on a higher growth trajectory. Economists estimated that consumer spending was growing at a 3.0% rate early in the October-December quarter. ...