Search Results for: retail sales

U.S. Retail Sales and Consumer Sentiment Currently, the consumer is doing well, keeping the U.S. economy from tanking, and consumer sentiment is high. Picture source: Credit Suisse

U.S. Real Retail Sales and Recession In July, U.S. retail sales hit an all-time high. About 70% of U.S. GDP is personal consumption. In the past, real retail sales trended sideways before the recession began.

How’s the US Economy Doing Now? The real GDP Nowcast relies on soft data such as consumer and business surveys and hard data such as retail sales and industrial production. It forecasts the growth of real GDP. At full employment, GDP returns to the level of potential GDP. If a recession were to occur today,…