Retail Sales adjusting down from inflationary levels
After the COVID shutdowns, retail sales exploded upwards, rising by more than 18% in 2021, followed by another historically high increase of 9% in 2022. During these two years, retail sales increased by more than $150 billion. The equivalent of 8 years of increases before COVID.
Click here for the latest Lehigh Valley Economic Review.
Listen to Economic Pulse Fridays at 5:44 PM during All Things Considered; Mondays at 7:30 AM during Morning Edition.
(Original air-date: 5/31/24)