الإثنين, 01 نيسان/أبريل 2019 13:04

Recession Watch: Retail Sales Turn Negative

Written by
Rate this item
(0 votes)

(New York)

In another sign of a weakening economic landscape, new retail sales data was released for February, and it was not pretty. The data didn’t just slow, it actually reversed, with retail sales falling 0.2% month over month in February. The data was a big shock as economists were expecting a gain, especially after a revised 0.7% increase in January. The numbers suggest the economy may be in line for a contraction in Q1, as December also saw a big 1.6% decline in retail sales.


FINSUM: There are a lot of economic indicators looking negative right now. We are still optimistic, but the signs are getting harder to ignore.

Contact Us

Newsletter

اشترك

Subscribe to our daily newsletter

Top