Retail sales in the U.S. unexpectedly decreased in the month of September, according to a report released by the Commerce Department on Wednesday.The Commerce Department said retail sales fell by 0.3 percent in September after climbing by an upwardly revised 0.6 percent in August.The drop came as a surprise to economists, who had expected sales to rise by 0.3 percent compared to the 0.4 percent in...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.