Retail sales spike casts doubt on an impending recession ...Middle East

An October surge in retail sales is raising doubts about how close the U.S. economy actually is to a recession. Americans spent far more money on consumer goods and services in October than economists had expected, according to Census Bureau data released Wednesday. While high interest rates and stubborn inflation have taken a chunk out of retailers’ profits, it’s done little to keep down sales as a whole. U.S. retailers made $694.5 billion in sales last month, according to the Census Bureau, an increase of 1.3 percent from September. Sales beat expectations of a smaller 1 percent increase, according to projections from experts, and rose broadly across the economy. Sales also ros

Hence then, the article about retail sales spike casts doubt on an impending recession was published today ( Thursday 17/11/2022 - 01:13 AM ) and is available on The Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Retail sales spike casts doubt on an impending recession )

Also on site :

• My Wife Loves When I Go Down on Her. But She Won’t Let Me Do It Because of What Happens After.
• Dollar Tree's Pretty Floral Stoneware Plate Is Perfect for Transitioning Table Settings From Summer to Fall
• Jennifer Aniston And Peter Dinklage To Star In Olivia Wilde’s ‘Invite’ Follow-Up ‘Naughty’ From Universal & LuckyChap As Film Lands November 2027 Release Date