Unemployment rate, inflation, housing sales... In the U.S.A., retail sales remain steady, unlike in the Eurozone. While food retail has been in the red since January 2022, non-food retail has also been in decline for the past 2 months.
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Economic indicators are not looking good in the U.S.A. and in Europe, where retailers are facing a triple inflation dimension (rising prices, costs and inventories). In the U.S., the unemployment rate rose to 3.7% in August 2022. Another important indicator, which has been in free fall since January 2022, is existing home sales.
In July, these sales dropped by 5.7% and in August by 0.4%. Home transactions reached only 4.8 million in August, compared with an average of 6.2 million in Q4...
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