Wednesday, December 15, 2021

Retail Trade Report for November-2021

 


The Census Bureau released the advance data for November Retail. The real story is the upward revision for October, which seemingly blunted the November numbers. Factoring in inflation, less "stuff" got bought with more money. Hence the slight dip in after inflation numbers.

Still the amount of "stuff" being bought is well ahead of pre-pandemic economic expansion, in my opinion. For the month of November, the drop in department stores coupled with appliance and electronic stores were quite noticeable. The retail drinking establishment numbers were up.

As for those drops, the revised numbers upward in those areas for October, also lend to the idea of earlier holiday shopping. 

Altogether, not to good, but not too bad... probably more like a pause, with direction from here being anyone's guess. 

No comments:

Post a Comment

1-17-2025 Week In Review

Laugh of the week Watching Sky News and a lady proclaimed that social media sites should be held to the same strict standards as newspaper p...