Economic Report: U.S. retail sales slump in January and December’s initial gain was erased [MarketWatch]
PNC Financial Services Group, Inc. (The) (PNC)
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am
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Source: MarketWatch
U.S. retail sales slump in January and December’s initial gain was erased The numbers: Sales at U.S. retailers fell by 0.3% in January — the biggest drop in almost a year — chiefly due to declines at auto dealers and home centers. And a previously reported increase in sales in December was wiped out. Economists polled by MarketWatch had forecast a 0.2% increase in sales. Excluding autos, retail sales were flat last month, the government said . And sales slipped 0.2% if autos and gas are stripped out. What happened: Auto dealers got a boost toward the end of 2017 after a pair of major hurricanes damaged thousands of cars, but eventually the replacement cycle would run its course. Sales fell slightly in December and they sank 1.3% in January. Sales also fell sharply at home centers that often experience herky-jerky sales during the winter months. And home-furnishing stores and pharmacies saw a drop. Meanwhile, gasoline stations posted a 1.6% increase in sales as prices at the pump rose.
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PNC
Earnings
- 1/16/24 - Beat
PNC
Sec Filings
- 3/22/24 - Form 3
- 3/22/24 - Form 13F-HR/A
- 3/13/24 - Form DEFA14A
- PNC's page on the SEC website