Archive for Retail Sales

Jun
14

U.S. Retail Sales Point to Strong Domestic Demand

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Businessman Holding Money BagU.S. retail sales rose strongly in May as Americans bought automobiles and a range of other goods, even as they paid more for gasoline, suggesting that economic growth was gaining steam despite a sharp slowdown in job creation.

Other data on Tuesday hinted at a steady build-up of inflation pressures, with import prices recording their largest increase in just over four years in May as the drag from a strong dollar and lower oil prices fades.

“As has been the case in the prior two years, the modest first-quarter disappointment in consumer spending now appears to be a short-lived soft patch,” said Michael Feroli, an economist at JPMorgan in New York. “This number also lends credence to the idea that the big miss on May payrolls may have been sending an overly pessimistic signal on growth.”

The Commerce Department said retail sales increased 0.5 percent last month after surging by an unrevised 1.3 percent in April. The second straight month of gains boosted sales 2.5 percent from a year ago. Excluding automobiles, gasoline, building materials and food services, retail sales rose a solid 0.4 percent last month after an upwardly revised 1.0 percent increase in April.

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Categories : National News
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Dec
06

EDENS’ Terry Brown on FOX Business (Video)

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Jul
14

US June retail sales figures released

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The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for June, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $387.8 billion, an increase of 0.1 percent (±0.5%)* from the previous month, and 8.1 percent (±0.7%) above June 2010. Total sales for the April through June 2011 period were up 7.7 percent (±0.5%) from the same period a year ago. The April to May 2011 percent change was revised from -0.2 percent (±0.5%)* to -0.1 percent (±0.2%)*.

Retail trade sales were up 0.2 percent (±0.5%)* from May 2011, and 8.5 percent (±0.7%) above last year.

Gasoline stations sales were up 23.6 percent (±1.7%) from June 2010 and nonstore retailers sales were up 12.3 percent (±3.0%) from last year.

Categories : National News
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