U.S. retail sales in July barely missed expectations and remained flat as consumers focused on online shopping and building and garden supplies. Retail and food services were flat at 0.0% month over month in July, according to U.S. Census Bureau data released Aug. 17. Economists expected a 0.1% increase, according to consensus estimates compiled by Econoday. Sales increased the...
READU.S. travel costs are soaring as demand reaches some of its highest points since the global pandemic began, a trend that shows little sign of stopping as summertime travel heats up. Airline bookings in February hit their highest point since COVID-19 decimated flying in the U.S. in early 2020, while hotel occupancy is higher than it has been for most of the last two years. Combi...
READU.S. consumers are less likely to spend their savings in the coming months, preferring to wait out the surging omicron variant, inflation and supply-chain problems. Retail and food services sales fell 1.9% in December 2021 from the previous month, according to the U.S. Census Bureau. That missed economists' consensus expectations for a 0.0% change in retail sales from the prior...
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