James48843
Well-known member
From
https://finance.yahoo.com/news/the-fluffy-puppy-indicator-signaling-a-recession-162927588.html
Fluffy Puppy Indicator flashing red!
(Spending on puppies as a leading economic indicator? Why not? )
Over the four-weeks that ended April 9, sales of pet supplies — in other words non-food items that pets don't need to live — fell 1.9%, according to the latest data from Nielsen. That's a sharp drop-off from the 12-week average increase of 3.6%.
Pet grooming sales also plunged 19.2% while dog accessories fell 12.1% and pet bed sales declined 12.7%. The lone increase of any size came in cat litter, which saw an 11.7% gain.
Early signs of less discretionary spending on furry loved ones are a Fluffy Puppy Indicator for the health of the economy in the coming quarters. After all, who doesn't want to keep Fido happy?
More: https://www.aol.com/fluffy-puppy-indicator-flashing-red-162927187.html
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https://finance.yahoo.com/news/the-fluffy-puppy-indicator-signaling-a-recession-162927588.html
Fluffy Puppy Indicator flashing red!
(Spending on puppies as a leading economic indicator? Why not? )
Over the four-weeks that ended April 9, sales of pet supplies — in other words non-food items that pets don't need to live — fell 1.9%, according to the latest data from Nielsen. That's a sharp drop-off from the 12-week average increase of 3.6%.
Pet grooming sales also plunged 19.2% while dog accessories fell 12.1% and pet bed sales declined 12.7%. The lone increase of any size came in cat litter, which saw an 11.7% gain.
Early signs of less discretionary spending on furry loved ones are a Fluffy Puppy Indicator for the health of the economy in the coming quarters. After all, who doesn't want to keep Fido happy?
More: https://www.aol.com/fluffy-puppy-indicator-flashing-red-162927187.html
Sent from my iPhone using TSP Talk Forums
