Content
@
0 reply
0 recast
0 reaction
Jason
@jachian
Key economic trends from Experian's report: - Inflation up to 3% (highest level since June 2024) - Unemployment steady at 4% - Job creation growth at a low - Retail sales down (more on that below)
1 reply
0 recast
8 reactions
Jason
@jachian
on retail sales: Consumer Spending and Retail Sales -Retail activity has softened, with January retail sales declining 0.9% month-over-month, the largest drop since March 2023. However, year-over-year sales remain up 4.2%, indicating that while consumers are spending more cautiously, demand is still present. Big drop coming off of holiday season, but still up 4.2% yoy. This tells me that consumer spend is still tight, but not at pearl-clutching levels
1 reply
0 recast
3 reactions
