by Mish

Retail Trade vs Food Service and Drinking – Percent Change from Year Ago

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Retail trade is not where you want to be right now, and it will get worse when the next recession hits.


Mike “Mish” Shedlock

Wendy’s to Employ Self-Service Kiosks at 6,000 Locations

In direct response to higher wage prices and the firming of commodity prices, Wendy’s is going to install self-service ordering kiosks at 6,000 locations. McDonald’s is expected to follow at a slower pace.

Do You Believe There is Food Price Deflation? Mish vs. Consensus

Here’s the question of the day: Do you believe there is food price deflation?

Retail Sales Dive (And It’s Not Just Autos)

Retail sales took a 0.3 percent dive in May vs an Econoday expectation of a 0.1 percent rise.

European PMI Retail Sales Collapse: Near-Record Drop in Italy Retail Sales

Inquiring minds are noting the expected (at least in this corner) collapse in European retail sales as measured by PMI indices in Italy, France, and Germany, the three largest Eurozone economies.

Debate Over Food Inflation: What's the Real Story?

Is food a bargain or are prices rising far faster than the BLS says they are?

Retail Sector Adds 253,000 Jobs in 10 Months but Aggregate Hours Worked Unchanged: Why?

How is it that employment in the retail sector increased by 253,000 jobs since last August, yet total aggregate hours worked has not budged an inch?

Employer Healthcare Costs Jump to $20,000 - Not Inflation?

A poll of employers by Kaiser Family Foundation found premiums rose 5% for family plans, topping $20,000 for 1st time.

GDPNow vs Nowcast: When Will Hurricane Adjustments Take Place?

On Friday, GDPNow and the FRBNY Nowcast both posted third-quarter GDP estimates. GDPNow stands at 3.0%.

Tale of Two Economies: Industrial Production vs Retail Spending

Retail sales in July rose more than expected albeit from negative revisions. Industrial production is another matter.