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 suggestion, not a prediction. With this as the background, here’s a look at the year-over-year Retail Sales picture, the Retail Sales per Employee…
A Recessionary Retail Sales Picture – Which President Has Seen the Worst Retail Sales?
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.