Inflation : Specialized retail “shunned” by U.S. and European consumers

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.

Through Bleuenn Fequant. Published on 07 October 2022 à 11h35 - Update on 21 October 2022 à 21h45

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%.…