Retailer Discounts Not Helping to Lift Americans’ Spirits, Spending

Americans experienced lower costs last month for some services as well as cheaper merchandise that limited receipts at retailers and showed a weaker trajectory for consumer spending entering the third quarter.

While economists projected a slight increase, consumer prices were little changed in June and held back by cheaper home furnishings, cars and clothing. Households also enjoyed modestly priced airfare and hotel stays at the start of the summer, Labor Department data showed Friday.

The discounts on merchandise may partly explain why the Commerce Department’s data on retail sales, which aren’t adjusted for prices, unexpectedly decreased for a second month.

The back-to-back decline in retail sales, the first since July-August of last year, also show consumers remain hesitant to ramp up their spending as the economy enters its ninth year of expansion.

“Consumers are cautious to spend despite the positive backdrop of upbeat job gains, rising — albeit sluggish — wage growth



Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!