Showing posts with label Predictions by Economist Miss the Mark Again. Show all posts
Showing posts with label Predictions by Economist Miss the Mark Again. Show all posts

Tuesday, June 17, 2025

Wall Street on edge after 'Retail Sales' unexpected drop

Wall Street on edge after key economic indicator faces unexpected drop

Snippet of Article: "...Shoppers tapped the brakes in May, dragging national retail sales down more than expected as the post-tariff frenzy cooled off and auto purchases stalled.

According to new data from the Commerce Department, in-store sales dipped 0.9 percent last month — a 0.2 percent steeper slide than economists had forecast. It followed a downwardly revised 0.1 percent decline in April. ..."

Source: www.dailymail.co.uk

Retail Sales Decline (April and May 2025),