• Increased Retail Spending Fuels Growth Hopes

    5 monthes ago - By WWD

    U.S. consumers continued to open their wallets in May, pushing retail sales up at the fastest pace seen in six months and fueling hopes for second-quarter economic growth despite rising gasoline prices.
    Nationwide retail sales ticked up by 0.8 percent between April and May, according to the U.S. Commerce Department, beating market expectations for a 0.4 percent increase and pushing year-over-year growth up to 5.9 percent.
    “Retail sales have been on a winning streak since March. It is clear that the consumer spending slowdown of the first two months of the year is over,” said Chris...
    Read more ...