Just encase no one has noticed.
Industrial Production contracting by 0.1% MoM.
Rerail sales
That is the biggest MoM drop since Feb 2021.
Ex Autos and Gas, retail sales plunged an even more worrisome 2.5% MoM and worse still, the Control Group - which feeds GDP - crashed 3.1% MoM - massively worse than the unchanged that was expected.
Non-store retailer sales collapsed in December
Best of luck everyone, you better have a plan in place. Take these numbers at FACE value, its usually MUCH MUCH worse than what we are told.
Lack of raw materials coming in because of supply chain issues, coupled with crippling cost increases due to inflation has caused producers to cut back. Plus, food and energy inflation has caused consumers to expend a greater percentage of income toward those staples, which means less for everything else. Demand is crashing for all but essential items, meaning producers cut back on production.
Hows that Utiopia coming along Progressives?
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