Overall retail sales slipped in September but American consumers are still spending money. jdlahart explains why we shouldn’t expect consumers to do more than they already are. WSJWhatsNow
American consumers are still spending money, but it isn’t a given that they can keep shouldering the economy on their own. The Commerce Department on Wednesday reported that overall retail sales slipped 0.
3% in September from a month earlier, falling well short of the 0.2% gain economists expected. It wasn’t quite as bad as it seemed at first blush, since there were upward revisions to August sales figures, but it wasn’t good.
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