Retail Sales Turn Negative in May Reflecting Continued Contraction Within Economy

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Retail Sales Turn Negative in May Reflecting Continued Contraction Within Economy
Posted On: June 15, 2022
The U.S. economy is 70% driven by consumer spending.  When consumers stop spending the economy shrinks, it is that simple.  The U.S. Dept of Commerce has released the May retail sales [pdf DATA HERE], showing a 0.3% drop in retail sales for the month.  If you are interested in details, look at Table-2. The critical […] The post Retail Sales Turn Negative in May Reflecting Continued Contraction Within Economy appeared first on The Last Refuge.

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[BACK]
Retail Sales Turn Negative in May Reflecting Continued Contraction Within Economy
Posted On: June 15, 2022
The U.S. economy is 70% driven by consumer spending.  When consumers stop spending the economy shrinks, it is that simple.  The U.S. Dept of Commerce has released the May retail sales [pdf DATA HERE], showing a 0.3% drop in retail sales for the month.  If you are interested in details, look at Table-2. The critical […] The post Retail Sales Turn Negative in May Reflecting Continued Contraction Within Economy appeared first on The Last Refuge.

Re Posted From: Retail Sales Turn Negative in May Reflecting Continued Contraction Within Economy

The Last Refuge

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