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Retail Sales Turn Negative in May Reflecting Continued Contraction Within Economy
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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
[BACK]
[BACK]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