Is the democrat party getting ready to boot biden? Is the media silence on his corruption finally at an end?

[John Edgar Slow Horses]

Now shut up

Now shut up

An update on US consumer sentiment: Are consumers on the cusp of a shift?

US consumer spending remains a key measurement of economic growth. Explore the McKinsey ConsumerWise team’s latest research on this critical metric.

www.mckinsey.com

Read it all, Sassy.

 

[SassyIrishLass]

Read it all, Sassy.

I did. Slow Pony.

Just stop deflecting, you're not bright enough to pull it off

 

[John Edgar Slow Horses]

You really are a stupid girl. May Retail Sales Rise, But June Looks Even More Optimistic

Retail and food services sales were up 0.3% for May compared to April and ahead of last year by 1.6%, showing that while many economic indicators suggest a slowdown in spending, consumers keep purchasing. Consumers spent nearly 4% more than last year (seasonally adjusted) for total retail and food sales minus gasoline and automobiles.

June consumer outlook is positive​

Early summer travel, an additional holiday, no interest rate hike by the Fed in June, and lower gas prices than last year all lead to optimism for consumer spending in June. As travel restrictions lightened up with the official end of the COVID pandemic, people are planning to spend more time with family and friends and more money on travel and get-togethers.

Consumer spending strong in some categories​

Digital sales were up 6.5% from last year. “It’s no secret that Americans love convenience, and with shipping prices continuing to go down, lots of shoppers find it more convenient to shop online than in stores,” said Jonathan Silver, CEO of Affinity Solutions.


Consumers have shifted spending to value chains, discount stores, travel, entertainment, and groceries. Restaurants and bars were up 8%, and discount stores, warehouse clubs, and grocery stores were up 3% compared to May 2022. Groceries are a primary driver of customer visits to discount stores and warehouse clubs.

The increase in grocery sales can be partly attributed to rising prices. While grocery prices were up 5.8% for the rolling 12-month period ending May, there is only a slight increase in prices for the month. In May, there was a decrease in some significant items; for instance, egg prices were down 13.8%, the largest drop since January 1951. Meats, poultry, fish, and dairy products all showed declines in prices for May, according to the Consumer Price Index (CPI).
MORE FROMFORBES ADVISOR

Best Travel Insurance Companies​

By
Amy Danise
Editor

Best Covid-19 Travel Insurance Plans​

By
Amy Danise
Editor
Apparel, accessories, and shoes show the same spending levels in May of 2023 and compared to April. Department store sales are slightly ahead of last month at plus 0.3%, but down 4% compared to the previous year.
Forbes Daily: Get our best stories, exclusive reporting and essential analysis of the day’s news in your inbox every weekday.
Sign Up

By signing up, you accept and agree to our Terms of Service (including the class action waiver and arbitration provisions), and Privacy Statement.

Spending on credit and debit cards is high​

“Consumers are spending like they have a hole burning in their pocket. May was the first month this year where spending was up in all categories except gas (and gas was way up after adjusting for price decreases). Our data shows consumer spending in the U.S. increased 8.9% year over year in May. That’s compared to 7.8% in April this year and just 1.8% in March. The increase in May is the largest monthly year-over-year spending increase since September 2022,” said Silver. “Consumer spending at online retailers (including Amazon) once again outpaced growth in-store with a dramatic 35% year over year increase in annual sales, the biggest increase of the year, well beyond any impact from inflation.”

Consumer spending on credit and debit cards in the U.S. increased 8.9% year over year in May, ... [+]
GETTY
Although the Fed raised interest rates throughout the year, except this month, in hopes that consumer demand would wane, consumers continue to spend. “This could lead to sticky inflation that is much harder to come down from than the highs of last summer; the good news is we’re seeing inflation coming down and spending increases,” said Silver. Affinity Solutions tracks spending on over 140 million credit and debit cards across 8.8 billion transactions

Elongated Weekend in June​

This year, at least 28 states and the District of Columbia will legally recognize Juneteenth as a public holiday meaning state government offices are closed and state workers have a paid day off. The newest federal holiday celebrates the end of slavery in the United States. Father’s Day and Juneteenth fall on the same weekend giving many Americans a four-day weekend in the middle of June.
Annual sales growth measured a substantial 24% increase in total consumer spending the week of Juneteenth from 2020 to 2021, when it became a federal holiday. In 2022, sales were up 15% the week of Juneteenth and are expected to follow the same pattern, according to Silver. “Given the extra weekend day and since it's back-to-back after Father’s Day, we might expect to see more purchases of gifts, clothing, hobby, and sporting goods items.”
The long holiday weekend in June will boost family gatherings and consumer spending. Consumers will collectively spend a record-high $22.9 billion to celebrate Father’s Day this year, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics. Total expected spending for the holiday is up from last year’s $20 billion, surpassing the previous record of $20.1 billion in 2021.

Summer Travel May Boost Consumer Spending​

Gas spending is down nearly 20% compared to last year and 2.6% less than in April, according to the U.S. Census Bureau. Year-over-year decreases are mainly attributed to a fall in gas prices, reflecting the current national average of $3.56, which is $1.39 less than a year ago. “Consumers are hitting the road more as deflation eases prices at the pump,” stated Silver. The gasoline demand has risen for the third consecutive week, indicating that summer travel has started early this year. Consumers are facing a summer with reduced travel restrictions since the COVID pandemic was officially declared over in early May. With 63% of U.S. adults planning to travel this summer, airlines are bracing for high demand and possible service disruptions.

Follow me on Twitter or LinkedIn. Check out my website.

Shelley E. Kohan
Follow

I have over 25 years of experience in the retail industry across many functions including general management, marketing,
... Read More

• Editorial Standards
• Print
• Reprints & Permissions

1 of 4 free articl

 

[John Edgar Slow Horses]

Such a stupid girl.

 

[John Edgar Slow Horses]

Should have researched before, Sassyy. You are back on Ignore because you don't offer anything worthwhile here.

 

[SassyIrishLass]

Should have researched before, Sassyy. You are back on Ignore because you don't offer anything worthwhile here.

If you say so Slow Puny, I really don't have time for economic illiterate left loons

Go annoy someone else

 

[bigrebnc1775]

I see Satan has clouded and confused your mind.

Don't take my word for it. Go to your local preacher or priest and ask for a copy of their sermon about that verse.

No dumbass you are a child of Satan all democrats are

 

[bigrebnc1775]

If you say so Slow Puny, I really don't have time for economic illiterate left loons

Go annoy someone else

He's slow for a reason. Dropped on his head at birth

 

[bigrebnc1775]

Now shut up

An update on US consumer sentiment: Are consumers on the cusp of a shift?

US consumer spending remains a key measurement of economic growth. Explore the McKinsey ConsumerWise team’s latest research on this critical metric.

www.mckinsey.com

I'm having a problem with your source.
'Optimism is trending upward—but spending isn’t.'
Spending has always been the key indicator of consumer confidence.
You can say your optimistic about the future and the economy can be in a depression. I'm optimistic about the economy because Jo won't be in the white house in 2025. That doesn't make the current economy good no matter how optimistic I am or anyone else.

 

[g5000]

No dumbass you are a child of Satan all democrats are

I see you won't check with a preacher about what I said.

So typical of you.

 

[Harry Dresden]

Consider consumer buying and consumption are rocket speed, I am not worried, Harry, about your worry.

im sure most Americans care less about your worry....when they go to buy groceries the amount of money that they are spending is what they care about....

 

[g5000]

No dumbass you are a child of Satan all democrats are

Would you say someone who is a serial adulterer is a child of Satan?

Would you say someone who made his fortune from gambling houses is a child of Satan?

Would you say someone who sleeps with a porn star while his wife is home nursing his newborn son is a child of Satan?

Would you say someone who steals the life savings of the elderly at a fake university is a child of Satan?

Would you say someone who attempts to fuck married women is a child of Satan?

Would you say someone who bears false witness against others on a regular basis is a child of Satan?

I'd say such a man is definitely a possession of the strong man in your quote from the Bible.

 

[Dadoalex]

But he's not. He's getting his ass handed to him.

Yeah, right.

BWAHAHAHAHAHAHA

 

[bigrebnc1775]

I see you won't check with a preacher about what I said.

So typical of you.

You have nothing to offer

 

[Dadoalex]

He can't even walk or talk

And still kicks the GOP's ass each and every day.
What does that say about you and your GOP?

 

[bigrebnc1775]

Would you say someone who is a serial adulterer is a child of Satan?

Would you say someone who made his fortune from gambling houses is a child of Satan?

Would you say someone who sleeps with a porn star while his wife is home nursing his newborn son is a child of Satan?

Would you say someone who steals the life savings of the elderly at a fake university is a child of Satan?

Would you say someone who attempts to fuck married women is a child of Satan?

Would you say someone who bears false witness against others on a regular basis is a child of Satan?

I'd say such a man is definitely a possession of the strong man in your quote from the Bible.

Child of Satan democrats support satan

 

[bigrebnc1775]

And still kicks the GOP's ass each and every day.
What does that say about you and your GOP?

You're delusional if you think theft is winning. Transgender men steal from women

 

[Dadoalex]

You're delusional if you think theft is winning. Transgender men steal from women

Interesting that "trans" people are the first thing popping into your mind this early on a Saturday morning.
Interesting and informative.

Homophobes Might Be Hidden Homosexuals

A new analysis of implicit bias and explicit sexual orientation statements may help to explain the underpinnings of anti-gay bullying and hate crimes

www.scientificamerican.com

 

[jknowgood]

As long as he's kicking MAGADUMINA ass 24x7 he's golden.

Lol, he is going to put Trump in the Whitehouse, just like Obama did.

 

[jknowgood]

Dems know how to run against Trump….They showed it in 2020
Dems know how to run against MAGA…..They showed it in 2022

Yes, they cheated.