PYMNTS-MonitorEdge-May-2024

Commerce Department

Oct Retail Sales up 1.3% to 8-Month High Heading Into Holiday Season
Oct Retail Sales up 1.3% to 8-Month High Heading Into Holiday Season
November 16, 2022  |  Economy

Americans are heading into the holiday shopping season spending more on essentials like food and gas, as well as big-ticket items like cars and discretionary...

READ MORE >
More Spending, Bigger Paychecks Shine Hope on Economic Recovery
More Spending, Bigger Paychecks Shine Hope on Economic Recovery
September 30, 2022  |  Economy

Consumer spending in August rose 0.4%, aligning with bigger paychecks and rebounding from a decline last month even as inflation stays high. Excluding food and...

READ MORE >
Consumer Spending Jumps 1.1% in March, Inflation Up 6.6% YoY
Consumer Spending Jumps 1.1% in March, Inflation Up 6.6% YoY
April 29, 2022  |  Economy

Consumer spending across the U.S. was up 1.1% in March, according to a Friday (April 29) Commerce Department press release. The spending boost was led...

READ MORE >
Consumer Spending up Despite COVID, Supply Chain Issues
Consumer Spending up Despite COVID, Supply Chain Issues
October 15, 2021  |  Consumer Payments

You can’t keep the American shopper down. As The Wall Street Journal reported on Friday (Oct. 15), U.S. consumer spending rose in September, a signal...

READ MORE >
Retail Sales Up 0.7% in September as Inflation Continues to Rise
Retail Sales Up 0.7% in September as Inflation Continues to Rise
October 15, 2021  |  Retail

Labor Day travel and continued consumer resilience contributed to a 0.7% increase in consumer spending last month, the U.S. Commerce Department said on Friday (Oct....

READ MORE >
Back-to-School, eCommerce Help Boost August Retail Sales by 0.7%
Back-to-School, eCommerce Help Boost August Retail Sales by 0.7%
September 16, 2021  |  Retail

U.S. consumer spending unexpectedly rose 0.7% in August, reversing a slump in July and defying concerns that a surge in COVID cases and business restrictions...

READ MORE >
Commerce Department Launches AI Board, Seeks Candidates
Commerce Department Launches AI Board, Seeks Candidates
September 09, 2021  |  artificial intelligence

The U.S. Commerce Department is forming an artificial intelligence (AI) committee that will work alongside the National AI Initiative Office (NAIIO) in the White House...

READ MORE >
April Retail Sales Stall Without Stimulus; Deliver A Flat 0.0 Pct Reading vs March
April Retail Sales Stall Without Stimulus; Deliver A Flat 0.0 Pct Reading vs March
May 14, 2021  |  Retail

Total retail and food sales stalled in April in the face of rising prices and the absence of $1,400 stimulus checks that fueled a record...

READ MORE >
February Retail Sales Drop 3 Pct After January’s Stimulus Spending Dried Up
February Retail Sales Drop 3 Pct After January’s Stimulus Spending Dried Up
March 16, 2021  |  Retail

Retail sales, the nation’s broadest measure of consumer activity, fell 3 percent last month, contracting far more than economists were expecting while marking a stark...

READ MORE >