The shaded area represents our last economic contraction.
This chart shows retail sales excluding gasoline stations, food and beverage stores, and food service and drinking places (per capita and adjusted for inflation).
The trendline is a 4th order polynomial and simply represents what my eyeball seems to see.
It continues to look like it is rolling over to me, for what that's worth.
See Also:
Retail Sales (2000 to Present)Trendline DisclaimerSource Data:
U.S. Census Bureau: Monthly Retail SalesSt. Louis Fed: Population: Mid-MonthSt. Louis Fed: Consumer Price Index For All Urban Consumers: All ItemsBLS: Consumer Price IndexNational Bureau of Economic Research, Inc.
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