Americans cut back on retail spending in October, ending six straight months of gains, though the decline was partly driven by falling prices for both gasoline and cars.
WASHINGTON — Americans cut their spending at retail stores and restaurants in March for the second straight month, a sign consumers are becoming more cautious.
America’s consumers trimmed their spending in February after a buying burst in January, as retail sales slipped 0.4% with declines across multiple industries.
WASHINGTON — America’s consumers rebounded in January from a weak holiday shopping season by boosting their spending at stores and restaurants at the fastest pace in nearly two years.
NEW YORK — Americans cut back on spending in December, the second consecutive month they’ve done so.
The retail holiday season is expected to be solid as economists and other experts say sales should increase between 6% and 8% over 2021’s record 14% increase from 2020.