Commerce Department

April Retail Sales Stall Without Stimulus; Deliver A Flat 0.0 Pct Reading vs March
April Retail Sales Stall Without Stimulus; Deliver A Flat 0.0 Pct Reading vs March
May 14, 2021  |  Retail

Total retail and food sales stalled in April in the face of rising prices and the absence of $1,400 stimulus checks that fueled a record...

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February Retail Sales Drop 3 Pct After January’s Stimulus Spending Dried Up
February Retail Sales Drop 3 Pct After January’s Stimulus Spending Dried Up
March 16, 2021  |  Retail

Retail sales, the nation’s broadest measure of consumer activity, fell 3 percent last month, contracting far more than economists were expecting while marking a stark...

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US GDP declined by 31.4 percent in Q2, Slightly Better Than Estimates
US GDP declined by 31.4 percent in Q2, Slightly Better Than Estimates
September 30, 2020  |  Economy

For the U.S. GDP, a slight improvement of some very bad numbers is an improvement, technically. But the bar was set pretty low, and the...

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March Consumer Spending Sees Sharpest Drop On Record
March Consumer Spending Sees Sharpest Drop On Record
April 30, 2020  |  Economy

Consumer spending in the U.S. plummeted 7.5 percent in March, the steepest drop in 61 years, as the coronavirus pandemic continues to ravage personal income,...

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New GDP Report Likely to Show Country Sinking Into Recession
New GDP Report Likely to Show Country Sinking Into Recession
April 29, 2020  |  Economy

The Commerce Department is expected to issue a report on Wednesday (April 29) with estimates of a minimum decrease of 5 percent in the gross...

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Big Week Ahead For Retail Data
Big Week Ahead For Retail Data
April 13, 2020  |  Retail

Prepare for a big week of retail data, all of it unprecedented in light of the COVID-19 pandemic. Starting with the Commerce Department retail sales...

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Equipment Order Slide Hints At Business Caution, Recession
Equipment Order Slide Hints At Business Caution, Recession
March 25, 2020  |  Economy

Looking at economic indicators – those signposts that show where we are, as a nation, and where we’re headed – February was tough. March and beyond...

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US Retail Spending Dropped 0.5 Pct. In Feb.
US Retail Spending Dropped 0.5 Pct. In Feb.
March 18, 2020  |  Retail

As consumer spending started to decelerate prior to COVID-19 containment measures, U.S. retail sales declined last month in the biggest drop in a year. Commerce...

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Consumer Spending Drives Jan. Retail Sales Boost
Consumer Spending Drives Jan. Retail Sales Boost
February 14, 2020  |  Retail

With data indicating that consumer spending is still strong, retail sales – which are an indication of purchases at restaurants, stores and online – rose...

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