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Retail Spending

All articles tagged with #retail spending

business22 days ago

Holiday Retail Spending Rises Amid E-Commerce and AI Trends

U.S. holiday retail spending increased by 4.2% driven mainly by e-commerce and electronics, despite economic challenges and cautious consumer sentiment, with online sales up 7.8% and electronics leading growth. In-store shopping remains dominant, but AI is increasingly influencing shopping habits. Overall, real growth is estimated at around 2.2% after inflation adjustments, reflecting resilient consumer spending amid economic headwinds.

via CNBC|
#business#consumer-behavior#e-commerce
economy1 year ago

"China's Economic Growth Slows Due to Weak Retail Spending"

China's economic growth slowed to 4.7% in the second quarter, below the expected 5.1%, due to weak retail spending and falling house prices. Retail sales growth hit an 18-month low, reflecting low consumer confidence. Despite increased infrastructure investment and strong export growth, the property market remains a significant drag on the economy. Analysts believe achieving the government's 5% growth target for 2024 will be challenging without significant policy measures.

via The Guardian|
#china#consumer-confidence#economic-growth
economy1 year ago

"China's Industrial Profits Surge, Signaling Strong March Performance"

A business survey by the China Beige Book indicates that China's economy is expected to end the first quarter on a strong note, with improved industrial activity and retail spending in March. The survey, which included 1,436 businesses, revealed accelerated revenue growth and boosted margins. Despite a target growth of around 5% for the year, some analysts consider it ambitious given the current level of announced government stimulus. The report also noted improvements in employment, retail spending, and real estate, while manufacturing saw growth in production and domestic orders but a decline in export orders.

via CNBC|
#business-survey#china#economy
economy2 years ago

Economic Cheer: The Most Wonderful Time of the Year

December is traditionally a strong month for retail spending, with Americans typically spending more during the holiday season. This trend is seen not only in retail shopping but also in the overall GDP of the country. Despite the economic crisis caused by the pandemic, December spending increased in 2020, aided by government stimulus payments. Economists are closely watching consumer behavior this holiday season, expecting a promotion-driven shopping period with increased spending compared to last year. The ability of Americans to spend during the darkest months of the year plays a crucial role in the health of the economy.

via The New York Times|
#consumer-behavior#economic-recovery#economy