U.S. Consumption Shows No Growth in Retail Sales
TheWkly Analysis
The average shopping basket has not increased in the last three years, despite consumption expanding vigorously amid persistent inflation, various geopolitical crises, and poor confidence. Overall retail sales growth remained unchanged in December, according to the latest data. A slight decrease in the control group data, which excludes volatile sectors like cars and gas stations, indicates a widespread slowdown. The momentum of consumption peaked and began to reverse in October, coinciding with the end of the government shutdown and a rotation in stock market leadership from growth and technology to value and defensive stocks. Household balances remain solid in aggregate terms, though data point to pressures on consumption including delinquency on credit.
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Key Entities
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United States Place
The country where the consumption slowdown is occurring, as a major global economic player.
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Retail Sales Concept
A key indicator of consumer spending on goods, which has shown no growth in December according to the data.
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Government Shutdown Concept
A period of halted U.S. government operations that coincided with the reversal in consumption momentum.
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Stock Market Organization
The financial market where leadership rotated from growth stocks, potentially signaling economic shifts.
Bias Distribution
Multi-Perspective Analysis
Left-Leaning View
Left perspectives might frame this as evidence of systemic inequality in the U.S. economy, linking it to policies that favor the wealthy during crises.
Centrist View
Center perspectives would present it as a straightforward economic adjustment, emphasizing data-driven analysis and the role of global factors without strong ideological bias.
Right-Leaning View
Right perspectives could view it as a temporary market correction, possibly blaming regulatory overreach or government shutdowns for hindering growth.
Source & Verification
Source: Milenio RSS
Status: AI Processed
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