Real Retail Sales in August
Original Report
Nominal sales growth at 1.2% m/m exceeded consensus at 0.8%, while same store sales at 1.4% also exceeded consensus at 0.4%. However, real sales — excluding gasoline station sales — while rising,...
Nominal sales growth at 1.2% m/m exceeded consensus at 0.8%, while same store sales at 1.4% also exceeded consensus at 0.4%. However, real sales — excluding gasoline station sales — while rising, were just below June levels. Figure 1: Retail sales excluding gasoline station sales in mn$ (blue), in mn.2025$ (red), both s.a. Real deflated […]
Glass House Analysis
Energy prices affect virtually every aspect of daily life—from commuting costs to heating bills to the price of groceries (which must be transported). For working families, energy represents one of the most volatile and impactful line items in their budgets. Energy policy decisions ripple through the economy, affecting everything from manufacturing competitiveness to household financial stress.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
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