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Report: US Retail Sales Drop Sharply in November

  • #Retail
  • #Marketing & sales
story
DEC 2022
Image copyright: breitbart
story last updated DEC 2022

The Spin

Establishment-critical narrative

Reports like this are why no one should get overly excited when the administration announces inflation is easing. There are major flaws in the economy as inflation is still high – forcing consumers to spend more on staples and less on luxury items – and fears of a recession loom over every purchase. There’s still a lot of work to do before the administration can boast about having the US economy back on its feet.

Breitbart

Pro-establishment narrative

This report has to be taken into greater context. It appears the holiday shopping season actually began in October — as consumers adjusted to earlier retail discounts — meaning the past two months must be considered together. Meanwhile, service and experience industries attracted more spending as people looked to travel and dine out after being confined during the pandemic.

New York Times

Establishment split

CRITICAL

PRO

Retail spending dips as holiday sales bite into inflation
NPR Online NewsJUL 2022
US sees biggest drop in retail sales in 11 months
Al JazeeraJUL 2022
November Retail Sales Report to Show Holiday Spending Trends as High Inflation Eased
Wall Street JournalJUL 2022

More neutral establishment stance articles

Retail Sales Declined Sharply in November
BreitbartJUL 2022