A Recessionary Retail Sales Picture – Which President Has Seen the Worst Retail Sales?
On a month-over-month basis, U.S. Retail Sales came in flat, with online sales up 0.8%.
The weaker-than-expected retail picture suggests that analysts might want to add “recession” into their vocabulary after more than 5 years of little use.
The U.S. economy has never experienced the type of Retail Sales figures as we’ve seen since March 2014 without a recession occurring within the year.
Suggesting that a recession is on the short-term horizon is, of course, simply a . . .
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