Miner Company
US retail sales show resilience despite cost pressures, ING warns of risks
US retail sales rose 0.5% in April, underscoring resilience in household spending despite higher gasoline prices and weak consumer confidence. ING Economics said the figures highlight the ability of consumers to absorb cost pressures, though risks remain as energy prices stay elevated and wage growth lags.
US retail sales rose 0.5% in April, underscoring resilience in household spending despite higher gasoline prices and weak consumer confidence. ING Economics said the figures highlight the ability of consumers to absorb cost pressures, though risks remain as energy prices stay elevated and wage growth lags.