Retail Sales Come in Below Expectations After 2 Months of Declines
U.S. retail sales rose slightly in April but fell below expectations after two months of declines. Retail sales ...
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U.S. retail sales rose slightly in April but fell below expectations after two months of declines. Retail sales ...
(Repeats with no change to text) * Manufacturing PMI rises to 47.1 in April * ISM said 73% of manufacturing GDP contracting * New orders improve moderately; prices paid... | 01:48pm
U.S. manufacturing pulled off a three-year low in April as new orders improved slightly and employment rebounded, but activity remained depressed amid higher borrowing costs and tighter credit, which have raised the risk of a recession this year.
People are spending more on gas and housing, and less on just about everything else, a chart of consumer spending data shows.
U.S. consumer confidence dropped to a nine-month low in April as worries about the future mounted, further heightening the risk that the economy could fall into recession this year.