Retail Sales Down; Trade Gap Larger
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U.S. retail sales dipped in August  and the most comprehensive gauge of the U.S. international  trade gap widened to a record in the second quarter, government  reports released on Tuesday showed.
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U.S. retail sales posted a  larger-than-expected decline in August, a Commerce Department  report on Tuesday showed, but the drop was mostly confined to  the automotive sector.
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The U.S. trade deficit narrowed more than expected in December as record exports remained one bright spot of a weakening economy, while claims for jobless benefits also fell last week, data showed on Thursday.
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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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The U.S. trade deficit narrowed in December as oil import prices had the biggest decline in nearly 14 years, while first-time claims for jobless benefits fell to the lowest level in more than 4 years.
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Stocks were slightly lower on Tuesday,  as concerns about higher oil prices cutting into corporate  profits and consumer demand weighed on sentiment, while retail  sales posted a larger-than-expected decline in August.
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U.S. stock futures slipped as investors returned from the holiday to news of weaker than expected retail sales.
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U.S. stocks were a little lower on  Tuesday, under pressure from worry that higher oil prices will  cut into corporate profits and consumer demand, and retail  sales data that declined more than expected in August.
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The dollar fell across the board on  Wednesday after a much wider-than-expected November U.S. trade  deficit fueled a sell-off in the currency.
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Retail sales and industrial output slow in the US, as the economy feels the strain from housing and credit pressures.
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The U.S. trade gap widened in May as higher oil prices and a rising tide of Chinese goods pushed imports to a record, overshadowing a strong export performance, a government report showed on Thursday.
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The economy struggled under an increasing trade deficit and a slowdown in consumer spending, the Commerce Department said today.
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U.S. stocks fell on Tuesday, weighed  down by retailers after Wal-Mart Stores Inc. WMT.N reported  lackluster sales, while a jump in producer prices renewed  concerns about inflation and the prospect of more aggressive  rate increases from the Fed.
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WASHINGTON - Reports on retail sales and producer prices show US economic growth has cooled since its third-quarter spurt, while inflation slows.
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The U.S. trade deficit narrowed slightly in July as exports continued to grow this year at a stronger pace than imports, even though both categories set records, a Commerce Department report showed on Tuesday.
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The US trade deficit narrowed sharply in September, aided by a slide in the value of the dollar, which helped push exports to record levels, a government report showed on Wednesday.
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U.S. stocks ended lower on Tuesday,  after data indicated that the critical holiday shopping season  got off to a sluggish start for retailers.