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US retail sales reprot quells recession fears - CIBC
US consumers ended Q1 on a cautious note but opened their wallets again in April, aside from spending on gasoline.The headline on the report was soft but the important part was the surprise strength in the control group, which excludes autos, gas and building materials.CIBC:Although clothing, furniture and sporting goods sales declined, restaurant spending grew on the month, suggesting that overall, consumers, supported by the strong labor market, are still not fully pulling back on discretiona...
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Posted: May 16 2023, 15:05
Author Name: forexlive
Views: 081531
