Retail Sales

September 15, 2022 Retail sales rose 0.3% in August after declining 0.4% in July. In the past year retail sales have climbed by 3.6%.  Consumers are still spending at a moderate pace but inflation is eroding their purchasing power (see discussion of real retail sales...

Car and Truck Sales

August 3, 2022 Unit car and truck sales rose 2.6% in July to 13.3 million after having climbed 1.9% in June.   There appear to be two things going on.  First, the dramatic increase in gas prices to $5.00 per gallon has to be impacting the consumers willingness to...