US Retail Sales Flat, Inflation Fears On The Rise
US Retail Sales Flat, Inflation Fears On The Rise By Heather SCOTT 05/14/21 AT 4:23 PM The US economic recovery showed signs of hitting some turbulence as shoppers curbed their spending last month and manufacturing slowed due to supply bottlenecks. After a rush of shopping in March, US retail sales were flat in April, and while auto sales rose, vehicle production fell amid a global semiconductor supply crunch, according to government data released Friday. Meanwhile, a private survey showed ...
Source: ibtimes.com