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Sales at food services and drinking places, the only services component in the report, gained 0.3% after rising 0.4% in May. Economists view dining out as a key indicator of household finances ...
Retail sales for the month increased 0.7% from the previous month, according to Census Bureau data. Economists had expected a 0.4% increase in spending, according to Bloomberg data.
The July retail sales report is expected at 8:30 a.m. ET on Tuesday with economists anticipating sales increased 0.4% over the prior month. Retail sales increased 0.2% in June.
Since 1951, the U.S. Census Bureau has published the Retail Sales report every month. It is a measure of consumer spending, an important indicator of the US GDP. Retail firms provide data on the dollar value of their retail sales and inventories. A sample of 12,000 firms is included in the final survey and 5,000 in the advanced one.
The Commerce Department is set to release its monthly retail sales report for July on Wednesday, with economists expecting headline sales rose 0.1%, a modest increase after climbing 1.0% in June ...
Retail sales rose 0.7% last month, the Commerce Department's Census Bureau said. Data for February was revised higher to show sales rebounding 0.9%, which was the largest gain in just over a year ...
June's retail sales report comes as other economic data has surprised economists to the upside and painted a picture of a more resilient economy than previously believed.
A fresh reading on that trend is set to greet investors on Thursday with the January retail sales report. Economists expect that retail sales declined 0.2% in January from the prior month.