✉news BusinessRetail first seen 5 h ago, last 5 h ago, peak #29
US Retail Sales Rise 0.8% as Gas Prices Inflate Gains
Original: US Retail Sales Rise 0.8%, but Spending Excluding Gasoline Barely Grows
US retail sales rose 0.8% in the latest monthly reading, but analysts note that spending excluding gasoline stations barely grew, suggesting higher fuel prices rather than stronger consumer demand drove the increase. The figures are being weighed as a signal that American household spending may be cooling, with economists watching closely for what it means for economic growth and interest rate decisions.
Why now: Fresh retail sales data suggests US consumer spending is weaker than the headline number implies, raising questions about the economy's strength.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/2369462