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US Retail Sales Face Challenging Start in 2024 Amidst Decline and Uncertain Economic Outlook /
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2024-07-17 09:58:30

US Retail Sales Face Challenging Start in 2024 Amidst Decline and Uncertain Economic Outlook on Nostr: US Retail Sales Remain Flat in June as Consumption Cools, Online Sales Rise ...

US Retail Sales Remain Flat in June as Consumption Cools, Online Sales Rise
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#fed009b0 ver:0.94

US retail sales remained flat in June, with online sales rising 1.9%. Gas stations and auto dealerships weighed down overall figures, but excluding these, retail sales rose 0.8%. Control retail sales, which exclude certain categories, rose 0.9%. Inflation declined by 0.1% and core prices climbed 3.3% YoY. The report suggests consumers are still spending, driven by income growth and employment, but retailers face value-conscious consumers. Retail spending has held steady since the beginning of the year. #RetailSales #Economy #Inflation...

#newstr #UsRetailSales #EconomicGrowth #SecondQuarter #CommerceDepartment

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