ING: U.S. RETAIL SALES DATA FOR JANUARY IS EXPECTED TO BE WEAK

Sina Financial News Dutch International (ING) pointed out that in view of the poor auto sales data that has been released, US retail sales may be weak in January. Bad weather has undoubtedly played a role, but the high cost of borrowing credit cards, car loans and personal loans, which are at a high level for more than 20 years, is also a factor. There is also growing evidence that excess savings accumulated during the pandemic will support spending.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)