Economic indicators for June showed that U.S. retail inventories are rising and businesses have been facing financial pressure to clear out a glut of excess merchandise, according to a June 28 report from the U.S. Census Bureau. Wholesale inventories in May went up by 2 percent from April to $880.6 billion, with a 25 percent…
Inventories Jump, Putting Pressure on Profits as Businesses Face Steep Discounts to Clear Glut
June 29, 2022
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Business & Marketsbusiness inventoriesCompanieseconomyinflationMarketsU.S. consumersU.S. retailersUS
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US Consumer Sentiment in May Falls to an Almost 10-year Low
The final May edition of the University of Michigan’s Sentiment Survey, which was released on May 27, delivered even worse results than the preliminary May data with a further drop in consumer sentiment. The index fell from 65.2 in April to 59.1 in the initial May report to 58.4 in the final—the lowest level since August…
US Consumer Spending Jumps 2.1 Percent in January, Beating Predictions
U.S. consumer spending rose by 2.1 percent in January, despite mounting price pressures, annual inflation rates at a forty year high, and as Americans dealt with the spread of the Omicron variant, according to the Feb. 25 report by the Bureau of Economic Analysis. The numbers are a major improvement from December 2021, as spending…
US Consumer Spending Jumps by 2.1 Percent in January, Beating Predictions
U.S. consumer spending rose by 2.1 percent in January, despite mounting price pressures, annual inflation rates rising to a 40 year high, and Americans dealing with the spread of the Omicron coronavirus variant, according to a Feb. 25 report by the Bureau of Economic Analysis. The numbers are a major improvement from December 2021, as…
US Consumers Views on Long-Term Inflation Eased in January, According to NY Fed Survey
February 16, 2022
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Business & EconomyBusinesses in COVID-19CCP Viruseconomyinflationinflation rateU.S. consumersUSUS economy
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The New York Federal Reserve said on Feb. 14 that American consumer fears of rapidly rising inflation rates in the long term seem to have eased, according to its monthly survey of consumer expectations. Those surveyed hold short-term and medium-term expectations for inflation above pre-pandemic levels. Consumers said they expect the cost of food, rent,…
As ‘Buy Now, Pay Later’ Surges, a Third of US Users Fall Behind on Payments
A third of U.S. consumers who used “buy now, pay later” services have fallen behind on one or more payments, and 72 percent of those said their credit score declined, a new study published by personal finance company Credit Karma showed. The study, conducted by software firm Qualtrics, surveyed 1,044 adult consumers in the United…
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