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The February retail sales report comes as economic data has largely surprised to the upside. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ...
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 ...
The Dow closed 555 points, or 1.4% higher, as investors cheered the retail sales report. The S&P 500 gained 1.6%, and the Nasdaq Composite added 2.3%.
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.
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.
Retail sales fell 0.8% in January from the strong pace in December when they rose a revised 0.4%, according to the Commerce Department's report on Thursday. Excluding sales at auto dealerships and ...
A July retail sales report and corporate results from some of America's largest retailers will provide key insights into the strength of the US consumer during the back to school shopping season.
Footnotes / references Financials as of March 31, 2024 [update]. [ 4 ] Reliance Retail is an Indian retail company and a subsidiary of Reliance Industries. Founded in 2006, it is the largest retailer in India in terms of revenue. [ 5 ] Its retail outlets offer foods, groceries, apparel, footwear, toys, home improvement products, electronic ...