Retail Sales Down; Trade Gap Larger
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US retail sales dipped in August and the US gap with its international trade partners widened to a record level in the second quarter of the year, government reports released on Tuesday showed.
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US retail sales and industrial output slow as the economy is hit by the housing slump and credit squeeze.
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U.S. stocks declined on Tuesday,  weighed down by retailers after Wal-Mart Stores Inc. WMT.N  reported lackluster sales, while a jump in producer prices  revived worries that the Fed could be more aggressive about  raising interest rates to rein in inflation.
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Chain store retail sales slowed in the  latest week, with discount stores seeing sales soften a bit, a  report said on Tuesday.
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A record drop in oil import prices  pushed the U.S. trade deficit in October to its lowest level in  more than a year, while U.S. exports rose to a new high, a  Commerce Department report showed on Tuesday.
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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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Retail stocks fell on Wednesday as a  lackluster holiday shopping season and shrinking U.S. factory  production stoked fears of a recession, analysts said.
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The U.S. holiday shopping season got off to a sluggish start with high oil prices and weak consumer confidence hitting the key Thanksgiving weekend, according to three retail indices released on Tuesday.
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he United States economy grew more slowly in the second quarter than previously stated, as it struggled under an increasing trade deficit and a slowdown in consumer spending, the Commerce Department said in a report today.
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Gap Inc. GPS.N said on Thursday its   sales at stores open at least a year fell 7 percent, below   analyst forecasts, in August as results at its Gap and Old Navy   clothing chains continued to suffer.
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WASHINGTON - Retail sales slid in August as people steered away from buying cars and shoppers kept a close eye on their spending after splurging in July.    The Commerce Department reported retail sales fell by 0.3 percent in August, following a 0.8 percent gain the previous month...
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US retail sales dipped in August and the most comprehensive gauge of the US international trade gap widened to a record in the second quarter, government reports released on Tuesday showed.
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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 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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Stocks opened lower on Monday as investors worried that rising inflation and signs of holiday retail weakness darkened the outlook for the economy.
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US retail sales fell last month, official figures show, the latest indication that the economy is under pressure.
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U.S. stocks edged lower on Monday after Wal-Mart Stores , the world's largest retailer, said September same-store sales came in at the low end of a forecast.