A report released by the Commerce Department on Thursday showed retail sales in the U.S. increased in line with economist estimates in the month of April.The Commerce Department said retail sales climbed by 0.5 percent in April after jumping by a downwardly revised 1.6 percent in March.Economists had expected retail sales to grow by 0.5 percent compared to the 1.7 percent leap originally reported ...
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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.