Retail sales jump 1.4 pct in May
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Sales by retailers rebounded by a stronger-than-expected 1.4 percent in May as consumers shrugged off higher gasoline prices and increased spending on cars, clothing and building materials, a Commerce Department report showed on Wednesday.
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Consumers brushed off rising gasoline prices and stormed the malls in May, pushing up retail sales by the largest amount in more than a year.
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A steady rise in food and energy  costs pushed overall U.S. consumer prices up 0.7 percent in  May, the sharpest rise in 1-1/2 years, a government report  showed on Friday.
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Better than expected June figures for same-store sales, following a strong May, excite investors.
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Consumer confidence bounced back unexpectedly in May, despite higher gasoline prices that could raise shoppers' worries about inflation, a private research group said Tuesday.
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Wal-Mart Stores Inc.  on Thursday reported a 1.1 percent rise in sales at U.S. stores open at least a year in May, excluding fuel.
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The Commerce Department said consumer spending rose by 0.4 percent in July, double the June increase. The spending was supported by a solid 0.5 percent rise in incomes.
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The number of new U.S. jobs climbed by an unexpectedly brisk 157,000 in May, while factory activity improved and consumers remained upbeat, according to data on Friday which suggested the economy was bouncing back.
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U.S. retail sales rose modestly as expected last month, but the underlying message from the consumer was strong at the start of the fourth quarter after record oil prices failed to deter shoppers.
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U.S. retail sales jumped a  more-than-expected 1.2 percent in December, but first-time  jobless claims posted a surprise climb and import prices dipped  more than anticipated, government reports showed on Thursday.
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U.S. retail sales rose 0.1 percent  in November, the Commerce Department said on Monday in a  stronger-than-expected report that cemented views the Federal  Reserve will raise interest rates again this week.
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The retailer said net income in the fourth quarter rose to $4.1 billion as its focus on low prices paid off. International growth also helped lift profit and sales.
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Retail chains on Thursday reported moderate May sales increases, as warmer weather fueled demand for seasonal items, like gardening and other outdoor goods, helping retailers rebound from their dismal April.
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WASHINGTON -- Consumers battered by a multitude of economic woes came roaring back in November, pushing retail sales up by the largest amount in four months.
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A steady rise in food and energy costs pushed overall U.S. consumer prices up 0.7 percent in May, the sharpest rise in 1-1/2 years, a government report showed on Friday.
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British retail sales climbed in June from the previous month, official data has shown.
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The number of new U.S. jobs climbed by an unexpectedly brisk 157,000 in May, while factory activity improved and consumers remained upbeat, according to data on Friday that suggested the economy was bouncing back.