Wednesday, October 16, 2019

Retail Sales Decline in September


Retail sales declined unexpectedly in September, the first time they have fallen in 7 months.

Economists expected sales to increase at a modest .3%; instead they declined .3%.

This is yet another sign of a softening economy, including a recession in US manufacturing driven by President Trump’s tariffs.

Quarter Three GDP numbers have yet to be released, but will give a clearer picture of the US economy.

No comments

Post a Comment