American Retail Sales Today’s retail sales figures disappointed, with a sharp downward revision for January and continued weakness in February. Retail sales in the U.S. are now floating at just 3.1% year-on-year. The U.S. retail picture comes after Saturday’s weaker-than-expected Chinese retail sales figure of 10.2% year-over-year. Question: How are American consumers holding up compared to consumers in China, Europe, Russia, Brazil, and the other big country-categorized economies? Here’s a look. The Americans First, here’s the U.S. retail sales picture. A couple of words sums up the American consumer – needing propulsion. At just 3.1% Y/Y, retail sales are well…
How are American Retail Sales Comparing?
Harrison Roger
Roger is an economic adviser and active angel investor. He owns various economics firms. His work allows him a diverse group of clients across the globe, including the United States, Europe, and Asia. He holds a Ph.D. in business economics.