Economy
Related: About this forumBankers Survey Projects Drop in Holiday Retail Sales
OMAHA, Neb. (AP) More than half of bankers surveyed in rural parts of 10 Plains and Western states are projecting a drop in holiday retail sales this year from last year as the coronavirus pandemic worsens across the country. The Rural Mainstreet Survey's overall index fell to 46.8 in November from Octobers 53.2. It's the first time since April that the index has fallen, but it remains well ahead of the 35.5 reading in March, when the index bottomed out as the outbreak began. Any score below 50 suggests a shrinking economy, while a score above 50 suggests a growing economy. Bankers from Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming were surveyed.
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onecaliberal
(32,829 posts)Have they not read of the millions who cant pay mortgage/rent?
Wellstone ruled
(34,661 posts)are not concerned about you or I is,NEVER. They live inside their own bubble.
Warpy
(111,249 posts)and trying to avoid being evicted while stalling off the electric and gas companies.
Anybody who's expecting record high sales this year is selling to C level corporate execs and other rip off artists.
DaniellePasley
(4 posts)I dont know, I still think we need to wait until the end of the year, and not predict now. The situation is very unstable, so everything can change.