![]() ![]() “We’re seeing overall online prices down a little under a percent year over year. “Online retail inflation has actually slowed,” said Vivek Pandya, a lead analyst with Adobe. “This is the first time in 30 years since we’ve started tracking this data where the rise in prices has outpaced the rise in spending.”Īnother way of saying that: We’re gonna spend more and get less. There is an exception to this, and it’s online. “So in terms of real growth, we’re expecting real sales to decline this year 0.2%,” Zdinak said. Aerial and Four Point Lineal Perspective on Location (en plein air) This is me or you lining up a painting to an image sixty degrees wide on the horizon line. ![]() Factor that in, and it looks like holiday spending isn’t going to grow at all. “This year we’re expecting solid growth, about 5%, 5.5% up from last year,” said Michael Zdinak, economics director with S&P Global Market Intelligence.įive percent growth isn’t bad it’s better than the pre-pandemic average of 3.9% growth. Except, of course, for inflation. ![]() It’s mid-October, which means it’s basically holiday shopping season already. The economy is in kind of a strange place this year - just like it has been in each of the last two years, but for different reasons.Īnd this year, we are probably going to spend more. ![]()
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