U.S. Growth Slowed to 1.5% in the Second Quarter. July Sales Fell
The U.S. economy kept expanding in the second quarter, but slower GDP growth and a July retail-sales decline raise questions about consumer momentum.
Retail Sales
-
-
U.S. Restaurant Sales Reached a Preliminary $102.5 Billion in June as Price Growth Moderated
Restaurants posted a fourth monthly sales increase in five months, but the latest figures show nominal growth alongside continued pressure from inflation, traffic and operating costs.
-
U.S. Retail and Food-Service Sales Rose 6.7% in June, Census Says
Advance Census Bureau data put June retail and food-service sales at $768.6 billion, with year-over-year growth but only a modest monthly increase within the margin of error.
-
U.S. Shoppers Are Still Spending. The Next Retail-Sales Report Will Show Whether That Holds
June retail sales rose modestly, but gas prices, inflation and online promotions complicate the picture. July data arrive after the August 12 CPI report.
-
Retail sales rose in May, but June sentiment shows consumers are still cautious
United States Small Business and Main Street Economy – May retail sales climbed, and June sentiment improved, but shoppers are still watching prices and gas costs.
-
U.S. inflation climbed in April as retail sales kept rising
April inflation sped up to 3.8% while retail sales rose 0.5%, leaving households with higher costs even as consumer spending stayed resilient.