The Census Bureau will release the advance monthly retail sales report for March on Thursday. Retail sales are projected to rise 0.6 percent, according to a survey of Bloomberg analysts, indicating that inflation and higher prices will primarily fuel rising sales. Here are five things to watch out for in […]
Retail sales picked up in January after a slump in December despite fears of high inflation, and the U.S. hitting its peak number of Omicron cases last month. The increase indicates a robust economy. January retail sales were up 3.8 percent from December, according to a Census Bureau report on […]
The March advance retail sales report will offer a gauge of consumer confidence in the economic reopening as the U.S. gets a hold on the coronavirus pandemic with rampant vaccine distributions. Here are five things to watch in the monthly report out Thursday at 8:30 a.m. Eastern time: STIMULUS CHECKS […]
“It suggests that consumers are in a generally good shape, we’ve had the fiscal stimulus checks now for those at the lower end of the income spectrum,” Scott Brown, chief economist at Raymond, James and Associates Inc.
“If households have more resources to spend, it clearly seems like they will spend them”- Michael Gapen
When Roy Kus of Olympia, Wash., plans his grocery shopping, the local Dollar Store is the first place he stops before heading to larger supermarkets. “I’ll buy up about 20 bucks, 30 bucks of food, but in the long run it will save me five to 10 bucks,” he said […]
The U.S. Census Bureau releases its February advance retail sales report on Monday. Major economists predict on average a gain of about 0.2% from January’s numbers. January’s report showed that the U.S. economy was still growing slowly compared to a year earlier. But if February’s data fails to meet expectations, […]
December’s retail sales dropped off steeply in November and marked the sharpest monthly plunge in nine years, with almost every category showing a decrease in sales from the previous month. Data showed that overall retail sales fell 1.2 percent from November’s numbers – a figure well off analysts’ forecasts. Experts […]
Since he opened his flower business 18 years ago, Ashok “AK” Komar has watched storefront after storefront empty from this block of Manhattan. Pointing through the tall tropical plants for sale to businesses up and down the street, Komar, 41, lists out each flower wholesaler gone dormant. It’s easy to […]
This morning the Commerce Department will publish its count of all the retail products and services sold in March. Here are five things to look for when the numbers are released at 8:30 EDT. 1. Auto sales will accelerate… but not too fast Motor vehicle sales are 20 percent of […]