“Consumer spending fell in October, according to new CNBC/NRF Retail Monitor tracking card transactions”
November 13, 2023
“…
- 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.
…”
This article is badly written. Anyway this is not good. Usually retail goes up during this time of the year.