Posted on 05/16/2023 8:20:57 AM PDT by ConservativeInPA
WASHINGTON (Reuters) - U.S. retail sales increased less than expected in April, but the underlying trend was solid, suggesting that consumer spending likely remained strong early in the second quarter, despite growing risks of a recession this year.
Retail sales rose 0.4% last month, the Commerce Department said on Tuesday. Data for March was revised slightly lower to show sales dropping 0.7% instead of 0.6% as previously reported. Economists polled by Reuters had forecast sales rebounding 0.8%.
Retail sales are mostly goods, which are typically bought on credit, and are not adjusted for inflation. Food services and drinking places are the only services category in the retail sales report.
The rise in retail sales added to strong job growth in April in suggesting that the economy was experiencing a spring revival after activity slowed in February and March. Spending is being underpinned by strong wage gains thanks to a tight labor market.
(Excerpt) Read more at msn.com ...
Because inflation is no big deal when you don’t include food and energy. Right branDUHn? Almost at the point of seeing NVenergy as NVEnemy. Grrrrrrrr!
F’n Reuters -core sales remain strong!
Reuters: the official propaganda arm of the Biden administration.
Up is down, left is right, hot is cold, and dark is light.
There is no lie to extreme for the mainstream “news” these days in the support of their dystopian goals.
Yes they did some fancy dancing here.
Home depot reported a disaster. But as someone said, up is down and down is up. That is the BS of the bidet ass kissers.
We were at lowes last week looking at refrigerators. I point to the vacant store and noted to my wife this is what a retail collapse looks like.
Exactly right. Six days ago, BLS reported:
CPI for all items rises 0.4% in April; shelter, used cars and trucks, and gasoline upHow do you like that? The retail sales "growth" is exactly the same as the official inflation number. In other words, there is zero growth. We all know the US Government official inflation number is pure BS, too.
05/10/2023In April, the Consumer Price Index for All Urban Consumers increased 0.4 percent, seasonally adjusted, and rose 4.9 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.4 percent in April (SA); up 5.5 percent over the year (NSA).
Just wait until all the new arrivals from the south get jobs and the demand for goods soars! Things will be really rosy then. Am I right?
GDP is only being held positive by government spending. It's not coming from the private sector. Government spending is unproductive.
Lies and delusions have become normal for these people. Entering the end times
This month Sales are Surprisingly Strong.
But, only until Next Month when this month will be revised downward.
It is far worse than unproductive. We pay all those people to be a huge drag on the economy. All they do is demand more paperwork from us, more taxes, more compliance, never-ending regulations that manufacturers must meet (often impossible), and they stop projects left and right. The government is huge NEGATIVE productivity organization. Al Gore now wants us to stop farming!
Surprise, surprise, surprise....
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