Duh: Retail Sales Stumble As #Bidenflation Robs Wallets

  • Retail sales growth sluggish in August as consumers fight to keep up with inflation.
  • Excluding autos, sales decreased 0.3% for the month, below the estimate for a 0.1% increase.
  • “Higher inflation drove the top line sales figure but volumes are obviously falling because on a real basis, sales are negative,” said Peter Boockvar, chief investment officer at Bleakley Advisory Group. “Core retail sales being well below expectations will result in a cut to GDP estimates for Q3 as stated.”
Click to read full article Go back home

Sign Up for Our Newsletter

Join our list!

Sign up here to get our daily newsletter with the top trending headlines.