#USRetail #High #IranWar #Economic #MastIndia #MastodonIndians #India @mastodonindians
https://www.ndtv.com/world-news/us-retail-inflation-jumps-to-2-year-high-over-iran-wars-economic-shock-11343961#publisher=newsstand
China's October exports fell 1.1% year-on-year, missing forecasts and marking the first decline since March 2024, while US and global markets saw mixed trends amid AI, retail, and crypto volatility.
US Business Inventories rose by 0.4% in Jul, slightly above the 0.3% forecast and up from the previous 0.3%.
US Retail Inventories excluding autos increased by 0.5% in Jul, matching expectations and higher than the previous 0.3%.
US Core Retail Sales for Aug rose by 0.1%, below the expected 0.2% and slowing from the previous 0.4%.
#USCoreRetail #EconomicData
US Retail Sales in Aug edged up by 0.1%, beating the forecast of -0.2% but lower than the previous 1.1%. #USRetail #ConsumerSpending
For retailers big and small
The outlook is not looking tall
Macy's and Foot Locker, too
Have seen sales that just won't do
Gloomy outlooks suggest, this year's holiday season won't be so well dressed
No joyful spending, this would oft rend
We all wish for better days ahead
Latest results and forecasts from retailers ranging from Macy's <a href="https://www.reuters.com/markets/companies/M.N" target="_blank">(M.N)</a> to Foot Locker <a href="https://www.reuters.com/markets/companies/FL.N" target="_blank">(FL.N)</a> are fresh signs that U.S. consumer spending is under stress heading into the second half of the year.