Retail sales in May fell 1.2 percent, the first decline in eight months, the Commerce Department said Friday, June 11. The results caused some consternation on Wall Street, but economists and retail industry observers said the decline in May doesn't signal a reversal in the economic recovery.
TUESDAY Commerce Department releases retail sales for October and business inventories for September;
ARLINGTON, Va., July 14, 2011 /PRNewswire-USNewswire/ -- According to figures released today by the U.S. Department of Commerce, retail sales were up slightly in June, welcome news for retailers, who saw numbers dip last month, noted the Retail Industry Leaders Association (RILA). Monthly retail sales were up 0.1 percent from May and up 8.1 percent from June 2010. Retail sales excluding auto sales were up 0.2 percent over the previous month and 8.5 percent over June 2010.
ARLINGTON, Va., April 13, 2011 /PRNewswire-USNewswire/ -- According to figures released today by the U.S. Department of Commerce, retail sales continued their climb in March. Modest job growth gave consumers reason for optimism and tax refunds provided some extra discretionary income, noted the Retail Industry Leaders Association (RILA). Monthly retail sales figures for March were up 0.4 percent over February and 7.1 percent over March 2010. Retail sales excluding auto sales were up 0.8 percent over the previous month and 6.5 percent over March 2010.
WASHINGTON - U.S. consumers stepped up their spending on retail goods in September, a hopeful sign for the sluggish economy. Spending on autos, clothing and furniture last month boosted retail sales 1.1 percent, the Commerce Department said Friday.
NEW YORK -- The Dow Jones industrial average had its second straight day of losses Tuesday. The U.S. Commerce Department said that retail sales rose just 0.3 percent in January, the smallest increase since June and half of what economists had predicted. Energy companies led the way down. Exxon Mobil Corp. lost 2.3 percent, the largest drop among the 30 large companies that make up the Dow. Exxon Mobil said it added 3.5 billion barrels of oil and gas last year to the company's massive reserves, more than twice what Exxon produced in 2010.
Wall Street endured a volatile week on continued Middle Eastern unrest and an unexpected plunge in consumer sentiment. As the trading session ended Friday, the March consumer sentiment survey released by Thomson Reuters and the University of Michigan showed a reading of 68.2, down from 77.5 in February, the index's biggest drop since October 2008. Economists had been expecting a much higher reading of 75.8, factoring in improved labor conditions. High gas prices were cited for the decline in sentiment, and inflation worries rose. However, the Commerce Department reported that retail sales rose 1 percent in February, in line with expectations, and business inventories rose in January. However, China reported a surprise trade deficit, and Moody's downgraded Spain debt. Energy companies we...
November, 8:30 a.m.; Commerce Department reports on business inventories for October, 10 a.m.; Treasury bill auction, 2 p.m.; Ninth Circuit Court of Appeals hears federal case against Unocal on charges that the energy giant violated human rights in Myanmar. TUESDAY - Federal Open Market Committee meets to discuss interest rates; Commerce Department reports on international trade for October, 8:30 a.m.; Federal Reserve reports on industrial production for November, 9:15 a.m.
It's beginning to look at lot like a merry Christmas for retailers, as the National Retail Federation on Tuesday raised its forecast for holiday sales growth to 3.3 percent from 2.3 percent. The revised outlook came on the heels of Commerce Department figures showing retail sales (total dollars spent, excluding automobiles, gas and restaurants) increased 0.8 percent over October, and were up 6.8 percent unadjusted over last year.
NEW YORK -- Mixed economic reports pinned the stock market to only modest moves Friday, but gains for the week were strong. Uneven figures on retail sales and consumer confidence gave investors little new insight into the economy. Stocks had been modestly higher at the start of trading Friday after a surprising increase in February retail sales. The U.S. Commerce Department said retail sales rose 0.3 percent last month. Analysts had expected a drop. A weaker report on consumer sentiment disappointed traders. Investors were also displeased with the Commerce Department's report that inventories were unchanged.
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