Heterodox
– by New Deal democrat A periodic reminder, real retail sales is one of my favorite economic indicators, because it tells us so much about the state of the consumer, and since consumption leads employment, it is a short leading indicator for that as well. In September retail sales in August rose 0.4% on a nominal basis. After adjusting for inflation, they rose 0.3%. The below graph norms both real retail sales (dark blue) and the similar...
Read More »Real retail sales increased in September, but concern – and their yellow flag – continue
