Today news
About the same in other media
Retail sales rise more than expected as consumers pick up spending
Reading now: 620
ERShares CEO Joel Shulman looks ahead to the July retail sales report and remains bullish on tech stocks.
Americans picked up their spending at retail stores in July, even as inflation accelerated for the first time in more than a year.
Retail sales, a measure of how much consumers spent on a number of everyday goods, including cars, food and gasoline, rose just 0.7% in July, the Commerce Department said Tuesday. That is above both the 0.4% increase projected by Refinitiv economists and the 0.2% gain recorded in June.
Excluding the more volatile measurements of gasoline and autos, sales climbed 1% last month.
This is a developing story. Please check back for updates.
Read more on foxbusiness.com
About this in other media
Existing home sales continue to slide amid supply shortage, steep mortgage rates foxbusiness.com /1 year ago
ECB registrations jump five-fold in Q1 as local rates rise economictimes.indiatimes.com /1 year ago
In Hawaii, concerns over 'climate gentrification' rise after devastating Maui fires abcnews.go.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
