JP Morgan AM: US retail sales growth is slowing down

JP Morgan AM: US retail sales growth is slowing down

19 juni 2023

Economie algemeen Verenigde Staten
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The focus last week was on the Fed meeting and US inflation numbers, so you'd have been forgiven for missing the latest Redbook retail sales index data.

This showed US retail sales growth slowing sharply, suggesting that the US consumer may be coming under some pressure. With the Institute for Supply Management's composite business survey slowing, as we highlighted last week, and our lead indicator of business investment also weakening sharply, the risks to the US economic outlook appear to be building.

19062023 JP Morgan AM

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