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US retail sales bounce with online spending boost
Breitbart ^ | 08/15/2023 | AFP

Posted on 08/15/2023 6:49:49 AM PDT by ChicagoConservative27

US consumer spending rose more than anticipated in July, according to government data released Tuesday, showing resilience even as the economy cools on the back of a boost from online spending.

Retail sales in the world’s biggest economy advanced 0.7 percent to $696.4 billion last month, up from a revised 0.3 percent rise in June, said the Commerce Department.

Consumption has proven more robust than expected in the United States as households dip into savings accumulated during the pandemic, supporting growth while business activity slowed in recent months.

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Your Opinion/Questions
KEYWORDS: boost; retail; sales; us
Was this boost with or without the stealing? (S)
1 posted on 08/15/2023 6:49:49 AM PDT by ChicagoConservative27
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To: ChicagoConservative27

This probably means The Fed will boost rates further.


2 posted on 08/15/2023 6:53:06 AM PDT by The Sons of Liberty (Biden Crime Family and Dem Party - Two Wholly Owned Subsidiaries of the CCP.)
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To: ChicagoConservative27
households dip into savings

Always a good sign of a strong economy! [/s]

3 posted on 08/15/2023 6:53:50 AM PDT by ClearCase_guy (They say "Our Democracy" but they mean Cosa Nostra.)
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To: ChicagoConservative27

Hooray!! We’re saved!!!


4 posted on 08/15/2023 6:55:57 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: ChicagoConservative27

‘Back To School’ spending on supplies and clothes. Dead Cat Bounce. We’re still screwed. Nothing to see here. The economy still sucks.


5 posted on 08/15/2023 7:03:55 AM PDT by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
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To: ChicagoConservative27

Amazon makes it sooooo easy. Loading empty boxes into the car to take to dumpster. lol


6 posted on 08/15/2023 7:06:17 AM PDT by Sacajaweau ( )
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To: ChicagoConservative27

Inflation also boosts the dollar amount of consumption. We are spending more for less.


7 posted on 08/15/2023 7:32:38 AM PDT by kabar
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To: Diana in Wisconsin

Over $1 trillion in credit card debt.


8 posted on 08/15/2023 7:33:22 AM PDT by kabar
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To: ChicagoConservative27

The rat party is killing retailers by not enforcing laws against theft. People are afraid to go shopping in the malls in urban cities because of the rat party.
πŸ€ πŸ€ πŸ€ πŸ€ πŸ€ πŸ€ πŸ€ πŸ€ πŸ€ πŸ€ πŸ€ πŸ€


9 posted on 08/15/2023 7:34:35 AM PDT by ncfool (TRUMP SHOULD BE THE KING MAKER IN 2024 AND NOT THE KING. --)
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To: Sacajaweau

You would think that the rat party would go after Amazon for all the waste going to the dump.


10 posted on 08/15/2023 7:35:17 AM PDT by ncfool (TRUMP SHOULD BE THE KING MAKER IN 2024 AND NOT THE KING. --)
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To: Diana in Wisconsin

This past weekend was “Tax free weekend” here.

LOTS of shopping going on because of back to school and no taxes on a lot of items.


11 posted on 08/15/2023 7:35:39 AM PDT by Texas resident (We are living through Barak's fundamental transformation)
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To: ChicagoConservative27

Inflation adjusted?


12 posted on 08/15/2023 7:51:06 AM PDT by glorgau
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To: kabar

And they are welcome to it! Debt free in this household, with the exception of about $30K on crop land (at 3%!) that will be paid off shortly, as the bank that holds that mortgage just got downgraded by Moody’s! (Old National)


13 posted on 08/15/2023 8:34:32 AM PDT by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
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To: Texas resident

Yes, that’s a big contributor.

This article is junk. As I said, Dead Cat Bounce...then back to more fun and frivolity for Brandon & Son while America slides into the abyss...


14 posted on 08/15/2023 8:36:55 AM PDT by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
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To: ChicagoConservative27

Families are dipping into savings for summer vacations (whether they can afford to or not) and back to school purchases.


15 posted on 08/15/2023 10:07:20 AM PDT by bgill
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To: Diana in Wisconsin

Correct, a lot of the crap schools ask for are only available online. Or they live in rural for gas for shopping, Some in places like Montana nearest Walmart is a 100 miles or more round trip. We went through this when they stopped carrying fabric for quilters.


16 posted on 08/15/2023 1:55:39 PM PDT by GailA (Constitution vs evil Treasonous political Apparatchiks, Constitutional Conservative.)
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