In June, US retail apparel prices rose 0.4 per cent MoM but fell YoY for the third month.
Apparel imports remained volatile after April’s tariff hikes.
Consumer confidence improved, while spending was flat overall but up 4.2 per cent YoY for apparel.
Q2 GDP grew 3 per cent annualised, inflation stayed at 2.8 per cent, job growth slowed, unemployment rose to 4.2 per cent, and wages gained 3.9 per cent.
Apparel imports remained volatile after April’s tariff hikes.
Consumer confidence improved, while spending was flat overall but up 4.2 per cent YoY for apparel.
Q2 GDP grew 3 per cent annualised, inflation stayed at 2.8 per cent, job growth slowed, unemployment rose to 4.2 per cent, and wages gained 3.9 per cent.
