Real retail sales back to negative YoY
– by New Deal democrat The Bonddad Blog Here is today’s update on one of my favorite indicators: retail sales. In April they were unchanged on a nominal basis. Adjusted for inflation they declined -0.3% for the month. They are also down -6.2% from their 2021 peak and -2.9% since January 2023: On a YoY basis, they […]