Retail sales in April were unchanged from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome.
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The number following a revised 0.6% pace in March, according to Commerce Department data released Wednesday. It rose 0.9% in February. That comes after sales fell 1.1% in January, dragged down in part by inclement weather.Online sales were down 1.2%, while business at electronics stores was up 1.5%. Sales at home furnishings stores slipped 0.5%.
There have been some hints that the Federal Reserve’s campaign to cool inflation by reining in spending may be taking hold. Employers pulled back on hiring in Aprilin the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-election team.
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Retail sales were unchanged in April from March as inflation and interest rates curb spendingRetail sales in April were unchanged from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome.
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Retail sales were unchanged in April from March as inflation and interest rates curb spendingRetail sales in April were unchanged from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome. The number followed a revised 0.6% pace in March, according to Commerce Department data released Wednesday. Retail sales rose 0.9% in February. That comes after sales fell 1.
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This Week: Producer prices, inflation check, April retail salesThe Labor Department releases producer price data for April on Tuesday, and its April report on consumer prices on Wednesday. The Commerce Department releases its latest monthly tally of U.S. retail sales Wednesday.
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German retail sales rise more than expected in MarchGerman retail sales rise more than expected in March
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German Retail Sales jump 0.3% YoY in March vs. -2.7% previousGermany's Retail Sales jumped by 1.8% MoM in March, rebounding from a 1.9% drop in February, the official data released by Destatis showed on Tuesday.
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Australia’s Retail Sales drop 0.4% MoM in March vs. 0.2% expectedAustralia’s Retail Sales, a measure of the country’s consumer spending, dropped 0.4% MoM in March from the previous reading of a 0.3% rise, according to the official data published by the Australian Bureau of Statistics (ABS) on Tuesday.
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