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US Retail Sales Face Challenging Start in 2024 Amidst Decline and Uncertain Economic Outlook /
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2024-05-15 17:03:45

US Retail Sales Face Challenging Start in 2024 Amidst Decline and Uncertain Economic Outlook on Nostr: US Retail Sales Remain Unchanged in April Amidst Inflation and Interest Rate Concerns ...

US Retail Sales Remain Unchanged in April Amidst Inflation and Interest Rate Concerns
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#fed009b0 ver:0.37

US retail sales remained unchanged in April, falling short of expectations amidst inflation and interest rate concerns. Excluding gas and auto sales, retail sales fell 0.1%. Online business dropped 1.2%, while electronics stores saw a 1.5% increase. The decline in sales raises concerns about consumer spending for the rest of the year. E-commerce sales continue to grow, highlighting the changing retail landscape. Despite challenges, retailers approach 2024 with cautious optimism. Mixed picture for the economy with signs of resilience and cautious optimism. #RetailSales #Inflation #Economy...

#newstr #UsRetailSales #Inflation #InterestRates #CommerceDepartment #ConsumerSpending

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