Economy

Up 0.9% vs 1.0% Estimate

0


A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow.

Jim Watson | AFP | Getty Images

Consumers kept spending in April, with retail sales rising about in line with Wall Street expectations despite an ongoing surge in prices.

Monthly sales rose 0.9% overall, just below the Dow Jones estimate for a 1% increase, the Commerce Department reported Tuesday. Excluding autos, sales increased 0.6%, which was better than the 0.4% estimate.

The numbers are not adjusted for inflation, so they are indicative both of sustained spending as well as the fastest acceleration in…



Source cnbc.com

0 0 votes
Article Rating

U.S. traffic deaths hit 16-year high in 2021, DOT says

Previous article

UK inflation jumps to 40-year high of 9% as food and energy prices spiral

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Economy