Latest US Retail Spending Weaker In Face Of High Inflation
According to CNBC, the US Department of Commerce stated that retail spending was “adjusted for seasonality but not inflation”. This performance was, however, better than the April 2024 0.2% drop. Compared to the retail spending a year ago, the latest was up by 2.3%. Fuel spending dipped by 2.2%, but the 2.8% hike recorded by…
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