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Economy

“Consumer spending fell in October, according to new CNBC/NRF Retail Monitor tracking card transactions”

“…

  • October retail sales, excluding autos and gas, fell by 0.08%, according to the new CNBC/NRF Retail Monitor.
  • The Retail Monitor is a joint product of CNBC and the National Retail Federation based on 9 billion annual credit and debit card transactions collected and anonymized by Affinity Solutions.
  • The October data, accounting for more than $500 billion in sales, showed weakness in gas station sales, electronics and appliances, and furniture and home stores.

…”

https://www.cnbc.com/2023/11/13/consumer-spending-fell-in-october-according-to-new-cnbc/nrf-retail-monitor-tracking-card-transactions.html

This article is badly written. Anyway this is not good. Usually retail goes up during this time of the year.

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