Consumers spent more despite inflation, war and pandemic, although experts are still watching the horizon.
and food service sales rose 8.2 percent from a year earlier and a seasonally adjusted 0.9 percent from March, according to the U.S. Census Bureau. Those gains were in line with what economists projected.
Apparel and accessories specialty stores were up 8 percent from a year ago and ahead 0.8 percent from March. And department stores rose 2.9 percent from a year ago and 1.1 percent from March. sales, a category made up mostly of e-commerce, increased 12.7 percent from a year ago and were up 2.1 percent from March.
The outlook has been clouded by inflation at 40-year highs, increasing interest rates, continued pandemic and supply chain back ups and disruptions from Russia’s war in Ukraine.
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