Recession Not Yet: Retail Sales Help Push Up Atlanta Fed GDPNow to +3.0% for Q3 GDP: Our Drunken Sailors Aren’t Backing Off

Biztoc.com - 17 września 2024

Recession Not Yet: Retail Sales Help Push Up Atlanta Fed GDPNow to +3.0% for Q3 GDP: Our Drunken Sailors Aren’t Backing Off

As retail sales rose despite dropping prices of goods, “real” retail sales, adjusted for inflation – adjusted for this deflation in goods – rose even faster: hence the jump in GDPNow. By Wolf Richter for WOLF STREET. Retail sales rose 0.1% in August from July…

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