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Macro-Nutrients: Consumers Show Holiday Cheer, G-20 Aftermath and Emerging Opportunities Abroad

Monday, December 3, 2018 17:35

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By Josh Nunn

Consumers Are Feeling Ho-Ho-Hopeful

Consumer spending was up in October, signaling two-thirds of the economy is still showing optimism with their wallets, despite recent weakness abroad and a rough quarter for the stock market.

There is soft data suggesting sluggish sales due to slower mall traffic in physical stores and shopping malls over the Black Friday weekend. Yet other data suggests online holiday shopping is leading the charge in consumer spending; internet sales for the Wednesday before Thanksgiving through the Friday after surged 26.4 percent year-over-year according to…

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Source: https://www.financialsense.com/blog/18822/macro-nutrients-consumers-show-holiday-cheer-g-20-aftermath-and-emerging-opportunities

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