US retail sales 'to slow' in 2005
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US retail sales are set to slow markedly this year as consumers feel the impact of rising interest rates, the National Retail Federation says.
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The US economy will slow in the second half of the year and the risk of recession remains, the OECD warns.
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US economic growth is expected to slow in 2005 due to rising interest rates and high crude oil prices, according to a forecast of participants at a Federal Reserve Bank of Chicago conference released on Monday.
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Sales at U.S. retailers fell 0.4 percent in December and were less vigorous in November than previously thought, according to a government report on Tuesday that implied costlier energy and slumping housing prices were taking a toll on consumers.
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U.S. retail sales dipped 0.3 percent  in January, as expected, as automobile sales fell sharply, but  purchases outside the volatile car sector gained a healthy 0.6  percent, a government report showed on Tuesday.
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Japanese 10-year bonds fell after the US government said retail sales rose more than expected last month, damping concern demand for Japan&#39;s goods will slow.
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U.S. specialty apparel retailers have experienced slow sales growth over the first 20 days of the holiday shopping season, according to data released on Sunday by SpendingPulse.
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Holiday sales are expected to rise at their slowest pace in five years as the weak housing market and a credit crunch temper consumer spending, the National Retail Federation said on Thursday.
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Wal-Mart Stores Inc.   on Monday said it expected sales at its U.S. stores open at least a year to be in the middle of a previously forecast rise of between 1 and 3 percent in December, the key shopping month.
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U.S. retail sales fell unexpectedly in December to close out the weakest year at the cash register since 2002, data showed on Tuesday, the strongest signal yet that the economy may be sliding into recession under the weight of a housing and credit crisis.
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US retail sales fell 0.3% in August as rising energy costs and bad weather persuaded shoppers to reduce their spending.
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Sales at U.S. retailers fell 0.4  percent in December and were less vigorous in November than  previously thought, according to a government report on Tuesday  that implied costlier energy and slumping housing prices were  taking a toll on consumers.
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US retail sales rose by just 0.2% in August, the latest sign that the rate of  growth in the economy is slowing.
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Wal-Mart Stores Inc. (WMT.N: Quote, Profile, Research) on Monday said it expected sales at its US stores open at least a year to be in the middle of a previously forecast rise of between
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Restrained by a worse-than-expected slump in housing, the economy will grow at the slowest pace in five years in 2007, leading economic forecasters say. They predict consumers will get a break on inflation from falling energy prices.
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U.S. chain store retail sales saw a  slight decline of 0.3 percent on a week-over-week basis.   However, on a year-over-year basis, the sales momentum remained  strong at 3.5 percent, a report said on Tuesday.
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U.S. chain store retail sales saw a slight decline of 0.3 percent on a week-over-week basis.  However, on a year-over-year basis, the sales momentum remained strong at 3.5 percent, a report said on Tuesday.