US Retail Sales Stall in April Amidst Downward Revisions and Concerns over Household Debt
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#fed009b0 ver:0.39
US retail sales stall in April, raising concerns about consumer spending and household debt. With downward revisions and 0.1% drop in sales (excluding cars and fuel), the economy faces challenges. Rising prices and interest rates may limit discretionary purchases. Household debt at record high, contributing to softening demand. However, slight easing of inflationary pressure provides some relief. Changing retail landscape seen in sales decreases for non-store retailers and sporting goods, but increase in petrol station sales. Mixed picture for the economy with signs of resilience and cautious optimism. #RetailSales #ConsumerSpending #HouseholdDebt #Economy...
#newstr #UsRetailSales #ConsumerSpending #HouseholdDebt
https://here.news/story/fed009b0?ver=0.39
US Retail Sales Remain Unchanged in April Amidst Inflation and Interest Rate Concerns
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#fed009b0 ver:0.37
US retail sales remained unchanged in April, falling short of expectations amidst inflation and interest rate concerns. Excluding gas and auto sales, retail sales fell 0.1%. Online business dropped 1.2%, while electronics stores saw a 1.5% increase. The decline in sales raises concerns about consumer spending for the rest of the year. E-commerce sales continue to grow, highlighting the changing retail landscape. Despite challenges, retailers approach 2024 with cautious optimism. Mixed picture for the economy with signs of resilience and cautious optimism. #RetailSales #Inflation #Economy...
#newstr #UsRetailSales #Inflation #InterestRates #CommerceDepartment #ConsumerSpending
https://here.news/story/fed009b0?ver=0.37
US Retail Sales Face Challenging Start in 2024 Amidst Decline and Uncertain Economic Outlook
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#fed009b0 ver:0.36
US retail sales face a challenging start in 2024 with declining sales and an uncertain economic outlook. Factors such as rising consumer prices, household debt, and credit card delinquencies contribute to the challenges faced by consumers. E-commerce sales show growth, highlighting the increasing importance of online shopping. Traditional retailers must adapt to remain competitive. Despite the challenges, retailers approach 2024 with cautious optimism, supported by GDP expansion and positive consumer sentiment. The latest data paints a mixed picture for the economy, with concerns and signs of resilience. #RetailSales #Economy #ECommerce...
#newstr #UsRetailSales #EconomicOutlook #Ecommerce #TraditionalRetail #ConsumerSpending
https://here.news/story/fed009b0?ver=0.36
US Retail Sales Face Challenging Start in 2024 Amidst Decline and Uncertain Economic Outlook
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#fed009b0 ver:0.35
US retail sales face a challenging start in 2024 with declining sales and an uncertain economic outlook. Factors like rising consumer prices, household debt, and credit card delinquencies contribute to the challenges faced by consumers. E-commerce sales show growth, highlighting the increasing importance of online shopping. Traditional retailers must adapt to remain competitive. April retail sales remained unchanged, potentially signaling a slowdown in consumer spending. However, there are modest increases in sales for certain sectors. Retailers approach 2024 with cautious optimism, as GDP expands and consumer sentiment rises. The retail industry presents a mixed picture for the economy. #RetailSales #EconomicOutlook #ECommerce #ConsumerSpending...
#newstr #UsRetailSales #ConsumerSpending #Ecommerce #TraditionalRetail #EconomicOutlook #Inflation #FederalReserve
https://here.news/story/fed009b0?ver=0.35
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