Are Retail Sales Down In 2024. Shoppers and retailers are set for a challenging year ahead, according to a leading trade body. A note from deloitte us economists danny bachman and akrur barua.
January retail sales were revised lower to down 1.1% from the. February retail sales rose 0.6%, a softer outcome relative to the consensus expectation of up 0.8%.
Core Retail Sales Drop 0.4%;
Strong us retail sales underscore economy's momentum heading into 2024.
“Inflation And Elevated Interest Rates Constrained Wallets In 2023 And Led To A Gradual Consumer Pullback In The Latter Half Of The Year.
A note from deloitte us economists danny bachman and akrur barua.
Advance Retail Sales Declined 0.8% For January, Down From A 0.4% Gain In December And Worse Than The Estimate For A 0.3% Drop.
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Shoppers And Retailers Are Set For A Challenging Year Ahead, According To A Leading Trade Body.
Overall, retail sales are up a modest 1.5% year over year (y/y), but down 1.6% y/y when adjusted for inflation.
January 17, 202411:29 Am Pstupdated 3 Months Ago.
Us retail sales broadly declined in january, indicating consumers took a breather after a strong holiday shopping season.
The Retail Industry Faces A Reckoning Next Year When We Finally Learn The True State Of The Consumer In A Post.