Report
Published October 31, 2024
Economic & Market Insights
Read the latest regional consumer spending and economic growth trends, as well as our in-house macroeconomic forecasts for the year ahead.
Key insights:
- Total retail sales in the US increased by 0.4% month-over-month in September 2024, and were 1.7% higher than a year earlier.
- The labor market continues to remain tight with the unemployment rate falling slightly from 4.2% to 4.1% in September.
- Supply chain disruption has been minimal, and inflation is expected to continue to ease.
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