US Economy Is Still Hanging Tough But Showing Signs of Slowing
- Retail sales rise unexpectedly, while factory output cools
- Other data showed jobless claims held at highest since 2021
Shoppers at Brickell City Centre in Miami, Florida.
Photographer: Eva Marie Uzcategui/BloombergThis article is for subscribers only.
The US economy is holding up but losing steam.
While an advance in retail sales last month exceeded nearly every estimate, the report also showed consumer demand has moderated from the past year. Separate data Thursday showed factory production remained sluggish and applications for unemployment benefits held at the highest level since late 2021.