Behind Weak Retail: Anxious Consumers, Scared Bosses

Workers are still worried about their jobs
Photograph by Nivek Neslo

The surprising weakness in retail sales for June has analysts wondering just what’s on consumers’ minds when they go to the mall, or avoid the mall altogether. Excluding autos, gasoline, and building materials, retail sales growth slipped 0.1 percent month over month, writes Drew Matus, economist for UBS Investment Research. UBS had estimated a gain of 0.2 percent.

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