Rising inflation in March didn’t deter consumers, who continued shopping at a more rapid pace than anticipated, the Commerce Department reported Monday.…
Rising inflation in March didn't deter consumers, who continued shopping at a more rapid pace than anticipated, the Commerce Department reported Monday.
Retail sales increased 0.7% for the month, considerably faster than the Dow Jones consensus forecast for a 0.3% increase, according toThe consumer price index increased 0.4% in March, the Labor Department reported last week in data that also was higher than the Wall Street outlook. That means consumers more than kept up with the pace of inflation, which ran at a 3.5% annual rate for the month, below the 4% retail sales increase.
Excluding auto-related receipts, retail sales jumped 1.1%, also well ahead of the estimate for a 0.5% increase. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyAn increase in gas prices helped push the headline retail sales number higher, with sales up 2.1% on the month at service stations. However, the biggest growth area for the month was online sales, up 2.7%, while miscellaneous retailers saw an increase of 2.1%.
Stock market futures added to gains following the report, while Treasury yields also pushed sharply higher.Western boot sales jump more than 20% week over week since 'Cowboy Carter'
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
China's Industrial Production and Retail Sales Expected to Miss in MarchTD Securities analysts predict that China's industrial production and retail sales will fall short of expectations in March, despite positive PMI data. They forecast a 5.1% year-on-year growth in industrial production, below the consensus of 6%, due to a decline in exports. Retail sales are also expected to print at 4% year-on-year, reflecting weak spending over the month.
Baca lebih lajut »
Ted Baker’s European Retail, E-commerce Division Headed for Administration After Partnership SoursTed Baker's European retail, ecommerce division is headed for administration, while the North American branch of the company is operating as normal.
Baca lebih lajut »
Shell’s Backing Away From Retail, Focusing On EV Charging — Selling 1,000 Fuel Retail LocationsClean Tech News & Views: EVs, Solar Energy, Batteries
Baca lebih lajut »
Duquesne vs Illinois Predictions, Picks, and Odds: Shannon's Star Rising in March MadnessMarch Madness picks, odds, and predictions for Duquesne Dukes vs Illinois Fighting Illini. March Madness free picks and best bet analysis.
Baca lebih lajut »
Duquesne vs Illinois Predictions, Picks, and Odds: Shannon's Star Rising in March MadnessMarch Madness picks, odds, and predictions for Duquesne Dukes vs Illinois Fighting Illini. March Madness free picks and best bet analysis.
Baca lebih lajut »
Average long-term US mortgage rate closer to 7%, rising to highest level since early MarchThe average long-term U.S. mortgage rate rose to its highest level in five weeks, a setback for prospective homebuyers during what's traditionally the busiest t
Baca lebih lajut »