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 November, retail sales rose by 0.26% to $639.8 billion, well below …

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 May, retail sales declined by 1.3% to $620.2 billion. Two of …

What’s for Dinner?

For the first time since the data has been recorded, sales at restaurants and bars in the United States have eclipsed those of grocery stores. The recent jump in discretionary spending in this space has pushed wages in the restaurant and bar service industry higher recently as the labor market has tightened and demand has increased. We hear a lot …