Americans cut back on spending in December, the second consecutive month they’ve done so, underscoring how inflation and the rising cost of using credit cards slowed consumer activity over the crucial holiday shopping season.
Auto sales declined as rising interest rates for auto loans crimped demand. That, and falling gas prices, helped to pull overall retail sales lower. The December figure marked the biggest monthly decline in 2022. The Fedraised its key interest ratein December for the seventh time in 2...
The estimated total value of retail sales in January 2022 was about 4.2 billion Singapore dollars (about 3.09 billion U.S. dollars). Of these, online retail sales made up an estimated 12.9 percent, lower than the revised 14.4 percent recorded in December 2021 when there were major online shop...
Retail sales fell by 0.2% for the year. But retail sales in December declined by 1.8% from a year ago, less than the expected 8.6% plunge predicted by a Reuters' poll. Within retail sales, those of catering fell by 6.3% in 2022. Sales of apparel, cosmetics and jewelry all declined fo...
The growth rate was 5 percentage points higher than that in December last year, the bureau said. Retail sales in urban areas reached 6.46 trillion yuan during the two-month period, up 6.7 percent year on year, while those in rural areas increased 7.1 percent year on year. ...
December Retail Sales Show No Collapse Yet; Recession Danger Remains UncertainJohn M. Berry
January’s results follow a 5.1% year-over-year increase in combined November-December holiday sales to $934.7 billion. Total 2022 retail sales as calculated by NRF grew 7% to $4.9 trillion. January sales were up in all but one retail category on a yearly basis, led by sporting goods stor...
DENVER (February 7, 2023)– Potato retail sales increased in dollar sales by 14.4% but decreased in volume sales by -1.5% from January – December 2022 compared to 2021. Despite a slight decrease in volume sales, volume sales remain 3.7% above pre-pandemic levels. ...
There was one counterpoint to that in another data release Thursday in which the Labor Department saidimport prices increased 0.1%in July, slightly ahead of the forecast for no change. On a year-over-year basis, import prices rose 1.6%, the biggest gain since December 2022. ...
Retail sales grow this holiday seasonU.S. retail sales — excluding automotive — increased 3.1% year over year this holiday season, according to preliminary insights from Mastercard SpendingPulse. This measures in-store and online retail sales, running from Nov. 1 through Dec. 24, across all ...