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U.S. retail sales rose more than expected in July, which could help to allay financial market fears of a sharp economic slowdown that were fanned by a jump in the unemployment rate.
Retail sales constitute a significant portion of overall consumer spending and are seen as a key indicator of the overall health of the U.S. economy.
WASHINGTON (Reuters) -U.S. retail sales growth slowed in April as the boost from households front-loading motor vehicle purchases ahead of tariffs faded and consumers pulled back on spending ...
The retail sales report comes as other evidence indicates shoppers have been pulling back more amid worries about higher prices from Trump’s tariffs.
Ford's SUV-heavy lineup enjoyed a strong second quarter, while Stellantis faltered across the board and several popular EVs ...
Retail sales rise 1.4% in March as shoppers stock up on big ticket items ahead of tariffs Customers shop televisions at a retail store in Glenview, Ill., Thursday, April 3, 2025.
The retail sales report comes as other evidence indicates shoppers have been pulling back more amid worries about higher prices from Trump’s tariffs.
Retail sales rise 1.4% in March as shoppers stock up on big ticket items ahead of tariffs U.S. shoppers went on a spending spree on foreign-made new big ticket items before expansive tariffs kick in ...