Weekly Economic Snapshot: Spending Slowdown & Industrial Dip
Last week’s economic data painted a picture of broad cooling across several sectors, with consumers pulling back significantly on spending. Retail sales saw their largest decline in over two years in May, as consumers scaled back purchases following earlier front-loading. Adding to this softer trend, U.S. factory output unexpectedly fell to its lowest level since [...] The post Weekly Economic Snapshot: Spending Slowdown & Industrial Dip appeared first on ETF Trends.
Last week’s economic data painted a picture of broad cooling across several sectors, with consumers pulling back significantly on spending. Retail sales saw their largest decline in over two years in May, as consumers scaled back purchases following earlier front-loading. Adding to this softer trend, U.S. factory output unexpectedly fell to its lowest level since [...]
The post Weekly Economic Snapshot: Spending Slowdown & Industrial Dip appeared first on ETF Trends.
