Retail Sales Collapse In November, Consumers Checked Out As Inflation Wrecks Buying Conditions

2 years ago

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headline retail sales rose just 0.3% MoM (well below the +0.8% MoM expected) Core retail sales also missed (ex-autos and ex-autos-and-gas). What this means is despite the assurances from major banks this was going to be a stellar holiday shopping season the consumers didn't agree. We knew that foot traffic this black friday collapsed by more than 75% at brick and mortar retailers. but it looks like the consumers are on their last leg.

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