The monthly rate of retail sales has a strange phenomenon
Retail data for February showed that department stores had the worst decline this time, down 4% month-on-month, followed by furniture supplies, which fell 2.5% month-on-month, and catering also fell more than 2%. Only e-commerce, medical care, supermarkets, and electronic products rose, and except for e-commerce, the other items rose by less than 1%. However, the non-agricultural data for February showed that out of the 50,000 people added by the retail industry, 40,000 were driven by department stores. It is obviously unreasonable that revenue is declining while the other side is recruiting people.
Another point is that the wholesale price of second-hand cars in February rose by 4.3% month-on-month, and the transaction ratio far exceeded historical levels. However, retail sales data showed that auto and parts fell by 2% month-on-month, and the CPI also said that used car prices fell. The price of second-hand cars can rise and the transaction rate is still high, which means that consumers are still quite rich, but if they are rich, why is the retail sales data weak?
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NorcalSalsa : Because the data is bullshit. Plain and simple. They just had banks blown up this week and you think they are going to give us real data of the market being in complete shambles? They can’t tell us the truth and just bailed out the dumbass banks AGAIN!
梵心说能量H2399931 NorcalSalsa: Blow up the bank (an important part of the financial system, also pretending: being safe and sound is good acting
)
梵心说能量H2399931 : The stock indexes of all neighboring countries fell
, only the locals were very happy about the incident, hehe!
Carter WestOP NorcalSalsa: I guess it is possible that the abnormal retail sales data in January made wholesalers and employers increase their hiring, and this data has a lag, which means that used cars are likely to face high inventory problems soon
Carter WestOP 梵心说能量H2399931: The market will be very cautious in the short term, and the risk of bank uncertainty cannot be judged yet
路漫漫 梵心说能量H2399931: This is the mode of operation of the American Empire; it will always only focus on itself