Tag Archives: consumer spending

Consumers have cash and confidence

Merry Christmas, Retailers and Brands: Consumers Have Cash and Confidence getty Latest stats on the consumer economy betray a year of hair-on-fire headlines about inflation and recession There ought to be a lot of red faces today within the scrum of economic pundits and bean counters who have been jabbering all year that inflation and… Read More »

Retail sales rose 1.3% in October as consumers continued to spend despite inflation

Minneapolis CNN Business 🇧🇷 US shoppers spent more in October, showing continued resilience amid persistently high inflation and an early start to the holiday shopping season. US retail sales rose 1.3% in October, the Census Bureau said on Wednesday. That’s the biggest monthly gain since February and better than the 1% economists expected. consumer spending… Read More »