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Americans Maintain Robust Retail Spending Despite Economic Pessimism
Americans Maintain Robust Retail Spending Despite Economic Pessimism
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BTCCSquare news:
U.S. consumers continue defying economic gloom with resilient spending patterns. The National Retail Federation reports a 0.6% monthly increase in Core retail sales for October, rebounding from September's 0.5% decline. This paradoxical trend emerges as consumer sentiment hits record lows in the University of Michigan's 73-year survey.
Retail executives observe a post-pandemic behavioral shift where spending persists despite financial anxiety. "Consumers express dismal sentiment while aggressively participating in commerce," notes NRF President Matthew Shay. The trade group projects $1 trillion in holiday season spending, suggesting disposable income may be insulating markets from macroeconomic fears.
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