Retail Sales Coverage Reflected The Narrow View Of The Media

Published Friday, October 18, 2019 at: 7:00 AM EDT

Retail sales — an important factor in consumer spending, which drives the U.S. economy — declined, according to newly released data from the Commerce Department, and it was followed by gloomy headlines about shaky consumers and seen as a sign that the economy could be cracking. Actually, the headlines illustrate the financial press' often myopic and narrow view of economic news. Sales at U.S. retailers fell three-tenths of 1% in September for the first time in seven months. That's a fact! But news services reported that it signaled that a widely expected slowdown in consumer spending might be underway, without telling consumers...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

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