Retail Sales

Retail Sales are the total amount of merchandise and related services sold to consumers. It is considered a sign of strength of U.S. Consumer spending, which accounts for roughly two-thirds of the economy. This indicator also provides insight into which areas of the retail space are experiencing strong sales.   In October, retail sales rose by 1.7% to $638.2 billion, beating market …

Did Your Babysitter Make the Nice List?

With the holiday season in full swing and sales poised to set another record, some might wonder how this money is being spent. Although not shown in the graph, family members benefit the most, with people devoting the majority of their holiday budget to gifts on family members. Money spent on items such as cards, flowers, and decorations has remained …