Retail Sales Figures – The News Desk

U.S. Retail Sales Show Holiday Season Off to Strong Start

14Dec

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World

U.S. Retail Sales Show Holiday Season Off to Strong Start

Consumer spending showed unexpected strength at the start of the holiday shopping season, as Americans shopped in-person and online, shrugging off signs of economic cooling.Retail sales, which include spending at stores, restaurants and gas stations, rose 0.3% in November from the month before, on a seasonally adjusted basis, the Commerce Department said Thursday. Economists had expected sales to fall. Sales rose 4.1% in November from a year earlier, outpacing inflation.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

UK Retail Sales Remained Weak in November Despite Black Friday Lift

5Dec

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World

UK Retail Sales Remained Weak in November Despite Black Friday Lift

Retail sales growth in the U.K. remained weak in November despite a boost from Black Friday, with the cost-of-living crisis continuing to squeeze household budgets, according to the latest British Retail Consortium data published on Tuesday.Total retail sales for the four weeks to Nov. 25 increased by 2.7% compared with the prior month, when it saw growth of 2.5%, the BRC-KPMG Retail Sales Monitor report said. This was above the three-month average growth of 2.6%, but compares with 4.2% growth in November last year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Australian Retail Sales Weaker Than Expected in October

28Nov

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World

Australian Retail Sales Weaker Than Expected in October

SYDNEY—Australian retail sales were weaker than expected in October, reversing a solid rise in September.Retail turnover fell 0.2% over the month, according to the Australian Bureau of Statistics. Economists had expected a 0.2% rise in sales.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

UK Retail Sales Dropped Unexpectedly in October

17Nov

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World

UK Retail Sales Dropped Unexpectedly in October

Retail sales in the U.K. fell again in October, as shoppers continue to be squeezed by the high cost of living.Retail volumes slipped 0.3% from a month before, continuing the decline booked in September when they fell 1.1%, according to data from the Office for National Statistics published Friday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Stocks Continue to Rally, With Investors More Confident in a Soft Landing

15Nov

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Money

Stocks Continue to Rally, With Investors More Confident in a Soft Landing

Growing evidence of a gradually cooling economy helped push stocks higher once again Wednesday. The S&P 500 rose 0.2%. The tech-heavy Nasdaq Composite gained 0.1%. The Dow Jones Industrial Average rose 0.5%, or around 164 points. Seven of the 11 sectors within the S&P 500 closed higher.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

U.S. Retail Sales Fall for First Time Since March as Holiday Season Approaches

15Nov

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World

U.S. Retail Sales Fall for First Time Since March as Holiday Season Approaches

Updated Nov. 15, 2023 8:46 am ETConsumers spent less at stores, dealerships and gas stations last month, a sign the summer spending boom is cooling heading into the holiday shopping season.U.S. retail sales fell 0.1% in October from a month earlier. That is the first decline since March and comes after a 0.9% increase in September. Declining retail sales, combined with slower hiring and easing inflation indicate that the economy is cooling after surprisingly strong growth much of this year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

China’s Retail Spending Picks Up, as Housing Slump Deepens

15Nov

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World

China’s Retail Spending Picks Up, as Housing Slump Deepens

Updated Nov. 15, 2023 12:15 am ETHONG KONG—China’s economy showed modest signs of improvement in October as consumer spending picked up, but the country’s prolonged property slump worsened.Retail sales rose 7.6% compared with the same period last year, when stringent Covid lockdowns kept a tight lid on spending activities, according to data released Wednesday by China’s National Bureau of Statistics. October’s sales accelerated from September’s 5.5% year-over-year growth and topped the 7% expected by economists.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

China Auto Sales Rose in October, Driven by New-Energy Vehicle Sales, Promotions

8Nov

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World

China Auto Sales Rose in October, Driven by New-Energy Vehicle Sales, Promotions

China’s vehicle sales continued their rise in October, helped by sales of new-energy vehicles and sales promotions.Retail sales of passenger cars in the world’s biggest auto market rose 10% on year and 0.7% on month to 2.03 million vehicles in October, the China Passenger Car Association said Wednesday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Right Now Is a Terrible Time to Spend Money

8Nov

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Money

Right Now Is a Terrible Time to Spend Money

Prices remain high for much of what we buy, even as inflation has slowed. Stingily saving money, meanwhile, is a more profitable activity than it has been in recent memory. Since the Federal Reserve raised interest rates to a two-decade high, any dollar spent today is a lost opportunity to earn as much as 5% or more in savings accounts, certificates of deposit and bonds. High rates also make it significantly more expensive for people to spend money they don’t have, with the annual interest rate on some credit cards pushing 30%.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Australian Retail Sales Much Stronger Than Expected in September

30Oct

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World

Australian Retail Sales Much Stronger Than Expected in September

SYDNEY—Australian retail sales surged in September as consumers flocked to the shops, and the sharp increase could argue in favor of a further interest-rate rise next month.Retail turnover rose 0.9% in September, easily beating the 0.3% increase expected by economists. The jump follows a 0.3% rise in August and a 0.6% gain in July, the Australian Bureau of Statistics said Monday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8