The recovery should survive its summer of uncertainty. The uncertainty that threatens the U.S. outlook is evident in shoppers’ spending intentions, which stalled in June after more than a year of steady improvement. Spending plans especially weakened among mid- to upper-income households as their stock market investments took a beating at the end of May and into June in response to European debt jitters. But shopper confidence should track higher with investor confidence as global economic jitters slowly die down. The European Union bank stress tests—even if flawed—will mark a key step toward resolving a European debt crisis that has driven economic uncertainty worldwide.
Recovering Uncertainly Retail Growth Holds Its Ground List of Tables
Company vs. Industry Performance Retail Sales Excluding Auto and Fuel Channels Intentions to Spend More, the Same, or Less in the Coming Month New Orders for Durable Goods U.S. Employment by Industry Mortgage Rates vs Refinancing Applications Price Inflation by Retail Channel June 2010 Industry Sales Growth June 2010 Same-store Sales Growth Industry Performance Channel charts -- Clothing & Department Stores, FDM, Homegoods Company Performance charts -- Softgoods, FDM Most Recently Reported Monthly Retail Sales
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