US shoppers sharply boosted spending at retailers in July despite ...

Aug 15, 2024 · Americans stepped up spending at retailers last month by the most in a year and a half, easing concerns that the economy might be weakening under the pressure of higher prices and elevated interest rates. ... US shoppers sharply boosted spending at retailers in July …

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US Retail Spending Picked Up Sharply In July

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Aug 15, 2023 · Excluding spending at gasoline stations, retail sales rose 0.8% in July from the prior month. The figures reflect continued resilience from US consumers in the face of higher …

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U.S. Shoppers Sharply Boosted Spending At Retailers In July - Los ...

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Aug 15, 2024 · The Commerce Department reported Thursday that retail sales jumped 1% from June to July, the biggest such increase since January 2023, after having declined slightly the …

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US Shoppers Sharply Boosted Spending At Retailers In July Despite ...

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Aug 15, 2024 · The Commerce Department reported Thursday that retail sales jumped 1% from June to July, the biggest such increase since January 2023, after having declined slightly the …

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Americans Spent More At Retailers In July Despite Higher Prices

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Aug 15, 2024 · With Americans spending more, economists at Morgan Stanley have boosted their forecast for growth in the July-September quarter to a 2.3% annual rate, from an earlier …

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US Shoppers Sharply Boosted Spending At Retailers In July Despite ...

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With Americans spending more, economists at Morgan Stanley have boosted their forecast for growth in the July-September quarter to a 2.3% annual rate, from an earlier estimate of 2.1%. …

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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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Retail Sales Surprisingly Jumped In July - Investopedia

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Aug 15, 2024 · Retail spending rose more than expected in July, according to a new government report. ... parts, and gasoline, retail sales were still up 0.4%, suggesting that consumers' …

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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 …

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FAQs about US shoppers sharply boosted spending at retailers in July despite ... Coupon?

Why did retail sales surge in July?

Retail sales in July surged the most in over a year, squashing fears that consumer spending was slowing. Americans stepped up their spending at retailers last month by the most in a year and a half, easing concerns that the economy might be weakening under the pressure of higher prices and elevated interest rates. ...

Why did Americans spend more at retailers last month?

WASHINGTON (AP) — Americans stepped up their spending at retailers last month by the most in a year and a half, easing concerns that the economy might be weakening under the pressure of higher prices and elevated interest rates. ...

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. ...

How did retail sales perform in July & August?

Retail sales ticked up 0.1% from July to August, after jumping the most in a year and a half the previous month, the Commerce Department said Tuesday. Online retailers, sporting goods stores, and home and garden stores all reported higher sales. ...

How much did retail sales rise in July?

Retail sales, which are adjusted for seasonality but not inflation, rose 0.7% in July from the prior month, the Commerce Department reported Tuesday. That was a faster pace than the previous month’s upwardly revised 0.3% gain and above economists’ expectations of a 0.4% rise, according to Refinitiv. ...

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. ...