Buds appearing on tree trunks and green grass on Lilac City lawns mark the start of spring when Realtors begin their rush to sell homes. This year’s peak home listing season was starting to show great promise. Up until 30 days ago, mortgage rates and interest rates had dropped below 6%, the economy appeared to … Read more
But what happened to food and drink stores? By Wolf Richter for WOLF STREET. Retail sales rise in December and fall in January and February, each year in different patterns. Major seasonal factors are used to reduce sales in December and increase sales in January and February, to balance them. And that was on full … Read more
Retail sales increased by 0.6% in February Basic sales earn 0.5%; a large tax refund guarantees spending Production increases in March, but the supply chain continues to deteriorate WASHINGTON, April 1 (Reuters) – U.S. retail prices rose by the most in seven months in February as car prices rose and temperatures soared, but rising gasoline … Read more
Written by Lucia Mutikani WASHINGTON, April 1 (Reuters) – U.S. retail prices rose by the most in seven months in February as car prices rose and temperatures soared, but rising gasoline prices due to war in the Middle East were expected to dampen spending in coming months. A late report from the Commerce Department on … Read more
NEW YORK — Consumers increased their spending in February, particularly on cars and clothing, after pulling back earlier in the year due to severe winter storms. Retail sales rose a more than expected 0.6% in February, from a 0.1% decline in January, the Commerce Department said Wednesday. But there is concern that the war in … Read more