In Normally Strong August, Retail Sales Rise by 1.1 Percent
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From department stores to discounters, the nation&#39;s retailers reported sluggish August sales yesterday as consumers cut back spending during the generally lucrative back-to-school shopping month.
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Retail sales were generally lackluster in August. Some outfits blamed Hurricane Charlie. Others pointed the finger at gas prices or the late start to the back-to-school shopping season.
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Consumer prices rose just 0.1 percent in August, a sign that inflation poses no immediate risk to the economy. The over-the-month-increase in the Consumer Price Index, the government&#39;s most closely watched
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Major retailers, led by discounters Wal-Mart Stores and Target Corp, turned in better-than-expected August sales on Thursday, as consumers went back-to-school shopping despite higher gas prices and the nation's housing meltdown.
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Shoppers were out last month, propelling sales at the nation&#39;s retailers by a strong 1.5%, best showing since March. The sizable gain reported by the Commerce Department on Friday came
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Retail sales rose by 0.3 percent in August compared with the previous month despite the biggest drop in food sales for more than three years, official data has shown.
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The Consumer Price Index (CPI) in the United States increased by 0.1 percent in August following a drop of 0.1 percent in the previous month, the Labor Department reported on Thursday.
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Pending sales of U.S. homes rose 4.3 percent in August in a sign the nation's housing market might be stabilizing, a trade association said on Monday.
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US retail sales rose a weaker-than-expected 0.3 percent in August, data showed Friday, suggesting US consumers are turning cautious in the face of housing and credit woes.
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The sale of new single-family homes across the country rose by 9.4 percent in August, ending a two-month dip, the US Commerce Department reported yesterday.
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Shoppers got back in the buying mood in July, propelling sales at the nation's retailers up by 1.4 percent, the most in six months.
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Sales of new homes rose by 9.4 percent in August, the Commerce Department said Monday, as mortgage interest rates remained at low enough levels to continue enticing buyers worried about future rate hikes.
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Shoppers are wary about High Street spending despite August's better weather, the latest sales figures show.
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Semiconductor companies moved higher in trading Thursday after an industry group said sales rose 1.1 percent to $18.2 billion in August from the previous month, and that inventories are on the decline.
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The rise in retail sales was the best showing since March. Also, producer prices rose 0.1 percent in September.
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Sales of new homes rose by 9.4 percent in August, the Commerce Department said Monday, as mortgage interest rates remained at low-enough levels to continue enticing buyers worried about future rate hikes.
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No. 3 U.S. warehouse club operator BJ's Wholesale Club Inc  said on Wednesday that its August sales at its clubs open at least a year rose 1.4 percent, meeting analysts' expectations.