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

WendyCS

2024-02-15 05:19:46

ING-1,11%

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.

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