Consumer Walked Out On Economy In September (MA)
Economists thought the consumer was heading toward the exits. Actually, based on new data, he left the building.
According to Reuters, the Mastercard Advisors service reported that “Overall September apparel sales fell 5.5 percent from a year ago, with women’s apparel down 9.1 percent. Furniture sales sank 13.3 percent, the worst decline since 2003, while electronics and appliance sales tumbled 13.8 percent.”
Douglas A. McIntyre