The Institute for Supply Management found that service businesses are starting to feel the effects of tariffs on goods.
President-elect Donald Trump says he will place an extra 10% tariff on all Chinese exports. China is expected to counter with tariffs on U.S. exports.
Analysts say this could be a bid for the retailer to compete more directly with ultra-low-cost sites like Temu and Shein.
Demand for electric vehicles is a big driver of the revival.
But what they’re spending their money on is shifting.
Retail sales were soft but not terrible in June. More importantly they are at least keeping up with inflation, and don’t foreshadow a recession.
Between the pandemic and its economic ripple effects, the consumer experience has been a wild ride.
Until recently, consumers had been spending less on goods and more on services. That’s changing. Here’s what it could mean for inflation.
It’s a tale of two inflations: goods versus services.
The “industrial outdoor storage” industry has been booming during the pandemic, as retailers try to find creative places to park their goods — literally.
