Someone forgot to tell the American consumer that interest rates are supposedly so restrictive that they risk pushing the U.S. economy into a recession.
. After a cyberattack shutdown systems at auto dealers across the country in June, pushing sales down 3.4 percent, there was a considerable amount of pent-up demand. Excluding parts shops, sales at dealerships rose four percent after last month’s 3.9 percent decline. . The latter include everything from dollar stores to department stores to big box stores like Walmart and Costco. Sales at the general merchandise stores rose 0.5 percent, the largest gain since March. Sales at grocery stores climbed one percent.
There were declines. The group the government calls “miscellaneous store retailers”—this includes pet shops, florists, bait-and-tackle stores, gun shops—saw a 2.5 percent decline.reported sales that beat estimates on Thursday, confirming what the government sales report suggested about the strength of the consumer. The company also raised its full-year guidance, sending its stock up to all-time highs.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Breitbart Business Digest: Kamala Harris’s Inflationary LegacySource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: July’s Food Inflation Leaves Families Hungry for ReliefSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: There’s Something Very Strange in the Fed’s Consumer DataSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: The Fed Isn’t Going to Panic CutSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: Trump Has a Commanding Lead on Economic IssuesSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: Democrat Economic Optimism Surges, Republican Optimism FadesSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »