Consumer spending rises in December to end solid holiday season, CNBC/NRF Retail Monitor shows
Publishing timestamp: 2024-01-10 12:30:57
Summary
The article discusses the December results of the CNBC/NRF Retail Monitor, which showed a 0.4% increase in retail sales (excluding autos and gas), down from the previous month. It mentions that the true state of consumer spending is now clouded by deflation and a slowdown in the housing industry. The article also mentions that Wall Street is monitoring how retailers are managing profit margins amid deflation and whether they can be as profitable with falling prices. Overall, the article suggests that while the holiday season was good for retailers, there are concerns about the impact of deflation and the housing industry on consumer spending.
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