The accurate numbers are finally coming in.
While these numbers may be revised further, the initial tally is now in: Holiday sales increased 3%, dead center of our range. Not only is this a decrease from 2005, but note that it is reported in nominal (pre-inflation) terms. With inflation about 3%, this means that Real sales (after-inflation) were flat year over year.
Maybe there's nothing left to buy!
HT: The Big Picture
Subscribe to: Post Comments (Atom)
Maybe everyone's running out of disposable income.
Post a Comment