Retail sales at stores, online and in restaurants grew 0.3% in May from April, the Commerce Department reported on Thursday. That’s above economists’ expectations of a 0.1% decline, according to Refinitiv. Retail sales data is adjusted for seasonality but not for inflation. The report reflects resilient consumer spending despite rapid interest-rate hikes and lingering economic uncertainty. Spending grew across every category, except at gasoline stations and miscellaneous stores.
“The fact that the number of visits to stores has remained flat year over year suggests that consumers are not significantly affected by the current economic issues,” Field wrote in a statement to CNN. “This observation indicates that shoppers continue to engage with physical retail locations, displaying consistency in their behavior.” The better-than-expected retail sales report adds to signs that US consumers aren’t ready to tap out just yet — though economists think they eventually will.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Tim Cook bets his legacy on augmented reality | CNN BusinessTim Cook has for years extolled the promise of augmented reality, touting its potential to help people communicate and collaborate with each other.
Fonte: cnni - 🏆 326. / 59 Consulte Mais informação »
UK employment hits record high but the economy is still short 1 million workers | CNN BusinessThe number of people in work in the United Kingdom has climbed above its pre-pandemic level for the first time, reaching a record high. But that hasn’t plugged worker shortages that are pushing up wages and making Britain’s inflation problem harder to solve.
Fonte: cnni - 🏆 326. / 59 Consulte Mais informação »
Instant Brands, maker of Instant Pot and Pyrex, files for bankruptcy | CNN BusinessInstant Brands, the maker of Instant Pot, Corelle, and Pyrex, among other products, has filed for bankruptcy.
Fonte: CNN - 🏆 4. / 95 Consulte Mais informação »
Workers are historically stressed out and disengaged | CNN BusinessBored at work? Annoyed with your boss? You’re not alone. A new poll reveals that workers around the world are historically stressed, disengaged with their work and increasingly fighting with their bosses.
Fonte: CNN - 🏆 4. / 95 Consulte Mais informação »
Amazon Web Services hit by wide-ranging outage, impacting major websites | CNN BusinessAmazon Web Services was hit by a wide-ranging outage on Tuesday afternoon that impacted a large number of major websites, including the Boston Globe and New York City’s Metropolitan Transit Authority.
Fonte: CNN - 🏆 4. / 95 Consulte Mais informação »