Retail sales up...confidence down

Prices are up which makes retail sales appear to be up.
Volume is the way to measure it not total dollars.
 
( singing ... )

It's the most wonderful time of the year ....

Otherwise known as back-to-school.
I know I spent more than usual in July, with back-to-school sales starting the week after July 4. I imagine retail sales for August will be up as well.
 

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