US retail sales continued their fall in December, dropping by 1.1% as inflation remained high, the Commerce Department reported Wednesday. That’s the largest monthly decline since December 2021, and practically every category saw sales drop from the prior month. Economists had expected sales to fall by just 0.8% for the month, according to Refinitiv. The November number was revised down to -1%.
However, some economic data suggests that activity may be losing some steam and that Americans are running out of dry powder. “I think the consumers has gotten very active in managing their household budget and what they’re willing to spend on,” said Matt Kramer, KPMG’s national sector leader for consumer and retail. “They’re spending more time looking for the deals and being thoughtful about when they make purchases.
That is so true and sad.
Go Brandon
Biden.
Decrease prices and rates sell more and spend more
Is this more important than the classified documents Biden has everywhere? Why are you not reporting this?
Microsoft, Amazon and other tech companies have laid off more than 60,000 employees in the last year
COVER UP: DOJ Decided Against Having FBI Agents Monitor Search by Biden’s Personal Lawyers For Classified Documents
Biden’s America. Americans Last
Imagine how much they're losing with the huge increase in retail theft and looting.
Percent means little… convert to dollars and see the replies..
Why is inflation high?
Wait CNN you’re buddy you stick up for all the time says our economy is growing and inflation is down
We are a nation of gluttony and overspending. Perhaps this will help with stopping buying things you do not need.
Covid Stimulus check savings finished. Retailers better lower the prices otherwise they will face bankruptcy 🤑
Stimulus savings finished
There are going to fall even more due in part to the GOP and trust in the monies of ppl future. Standstill is pathetic. Don’t give in to the GOP.
As company’s set record profits. You don’t have to sell as much if you’re price gouging.
Africa is worse
It's not inflation, company's are charging more because they figured out during covid they could. Now, it's coming back on them, but not severely enough. Hold the retail line.
مسولین ج ا نه کشورمان. مهسا_امینی اعتصابات_سراسری IRGCterrorists WomanLifeFreedom
Biden Recession!
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