{"id":2474611,"date":"2025-08-14T10:09:02","date_gmt":"2025-08-14T14:09:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/they-said-this-wouldnt-happen-trump-racks-up-another-econ-win-as-retail-spending-surges\/"},"modified":"2025-08-14T10:11:14","modified_gmt":"2025-08-14T14:11:14","slug":"they-said-this-wouldnt-happen-trump-racks-up-another-econ-win-as-retail-spending-surges","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/they-said-this-wouldnt-happen-trump-racks-up-another-econ-win-as-retail-spending-surges\/","title":{"rendered":"They Said This Wouldn&#8217;t Happen: Trump Racks Up Another Econ Win as Retail Spending Surges"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fthey-said-this-wouldnt-happen-trump-racks-up-another-econ-win-as-retail-spending-surges%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2474611&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The summary of the article is as follows:<\/p>\n<p>Retail sales in July showed a strong increase,surprising many economic experts who had predicted a decline due to waning consumer confidence. Despite concerns that pessimism about the economy might reduce spending on <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrats-shift-to-reforming-the-filibuster-amid-concerns-senate-will-become-legislative-graveyard\/\" title=\"Democrats Shift To \u2018Reforming\u2019 The Filibuster Amid Concerns Senate Will Become \u2018Legislative Graveyard\u2019\">big-ticket items<\/a> like cars and houses, consumers continued to spend, notably on discretionary items. Data from the CNBC \/ National Retail Federation Retail Monitor indicated that <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-retail-sales-beat-expectations-manufacturing-production-slumps\/\" title=\"U.S. ... beat expectations; manufacturing production slumps\">core retail sales<\/a> rose 6 percent year-over-year,with overall sales for the first seven months up by 4.83 percent.<\/p>\n<p>The increase in spending was attributed to triumphant summer sales and consumers accelerating purchases ahead of expected tariffs. Leisure-related spending, including sporting goods, hobbies, music, and book stores, saw notable gains. Wages also increased by 2.3 percent in July, outpacing inflation and giving consumers more purchasing power. The Consumer Price Index rose by 2.7 percent in July, slightly below expectations, suggesting that inflation is stabilizing.<\/p>\n<p>these trends suggest that the U.S. economy may be improving, with consumers maintaining the ability and willingness to spend despite earlier fears of a downturn.  <\/p>\n<div id=\"ld-4686-3758\"><\/div>\n<p><script>(function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:14832835450050406,size:[0, 0],id:\"ld-4686-3758\"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src=\"https:\/\/cdn2.decide.dev\/_js\/ajs.js\";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,\"script\",\"ld-ajs\");<\/script><\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section> \t\t\t\t<script>console.log(\"ad slot (AC1)\")<\/script><script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><\/p>\n<p style=\"font-weight: 400;\">Retail sales rose in July, <a href=\"https:\/\/amzn.to\/3YuVZYV\" >leaving cracked crystal balls strewn<\/a> across pundit-land.<\/p>\n<p style=\"font-weight: 400;\">&ldquo;The pullback in confidence is becoming a real threat to consumer spending,&rdquo; Bill Adams, chief economist at Comerica Bank, predicted in March, according to <a href=\"https:\/\/www.reuters.com\/markets\/us\/us-consumer-sentiment-deteriorates-sharply-march-2025-03-14\/\" target=\"_blank\" rel=\"noopener\">Reuters<\/a>.<\/p>\n<p style=\"font-weight: 400;\">&ldquo;People who are afraid the economy is headed into a ditch won&rsquo;t buy new cars or houses, go out to eat or go on vacations,&rdquo; he said.<\/p>\n<p style=\"font-weight: 400;\"><a href=\"https:\/\/democrats.org\/news\/trumps-economy-rising-prices-shrinking-industry-and-distressed-consumers\/\" target=\"_blank\" rel=\"noopener\">Democrats<\/a> said, consumers were &ldquo;cutting back on discretionary spending.&rdquo;<\/p>\n<p style=\"font-weight: 400;\">Someone should have told the <a href=\"https:\/\/www.westernjournal.com\/americans-feeling-good-economy-even-cnn-admit\/\" target=\"_blank\" rel=\"noopener\">American people<\/a>.<\/p>\n<p> <script type=\"text\/javascript\"> \t\t\tif ( getCookie( \"ff_subbed\" ) ) { \t\t\t\tdocument.getElementById(\"stnvideo\").remove() \t\t\t} else { \t\t\t\tdocument.addEventListener(\"DOMContentLoaded\", function() { \t\t\t\t\tfunction loadScript(src) { \t\t\t\t\t\tconst script=document.createElement(\"script\"); \t\t\t\t\t\tscript.src=src; \t\t\t\t\t\tscript.async=true; \t\t\t\t\t\tdocument.body.appendChild(script); \t\t\t\t\t} \t\t\t\t\tfunction findPreviousParagraph(selector, x) { \t\t\t\t\t\tconst targetElement=document.querySelector(selector); \t\t\t\t\t\tif (!targetElement) { \t\t\t\t\t\t\tconsole.warn(\"Target element not found.\"); \t\t\t\t\t\t\treturn null; \t\t\t\t\t\t}  \t\t\t\t\t\t\/\/ Get all <\/p>\n<p> elements in order as they appear in the document \t\t\t\t\t\tlet paragraphs=Array.from(document.querySelectorAll(\"p\"));  \t\t\t\t\t\t\/\/ Find the index of the last <\/p>\n<p> before the target element \t\t\t\t\t\tlet targetIndex=paragraphs.findIndex(p=> p.compareDocumentPosition(targetElement) & Node.DOCUMENT_POSITION_PRECEDING);  \t\t\t\t\t\tif (targetIndex===-1 || targetIndex <x) { \t\t\t\t\t\t\tconsole.warn(\"Not enough paragraphs before the target element.\"); \t\t\t\t\t\t\treturn null; \t\t\t\t\t\t}  \t\t\t\t\t\treturn paragraphs[targetIndex - x]; \t\t\t\t\t}  \t\t\t\t\t\/\/ Set up IntersectionObserver \t\t\t\t\tfunction observeElement(element) { \t\t\t\t\t\tif (!element) return;  \t\t\t\t\t\tconst observer=new IntersectionObserver( \t\t\t\t\t\t\t(entries)=> { \t\t\t\t\t\t\t\tentries.forEach(entry=> { \t\t\t\t\t\t\t\t\tif (entry.isIntersecting) { \t\t\t\t\t\t\t\t\t\tconsole.log(\"Paragraph is now visible:\", entry.target.textContent.trim()); \t\t\t\t\t\t\t\t\t\tloadScript(\"https:\/\/embed.sendtonews.com\/player3\/embedcode.js?fk=s28Az7AY\"); \t\t\t\t\t\t\t\t\t\tobserver.disconnect(); \t\t\t\t\t\t\t\t\t} \t\t\t\t\t\t\t\t}); \t\t\t\t\t\t\t}, \t\t\t\t\t\t\t{ threshold: 0.5 } \/\/ Adjust threshold as needed \t\t\t\t\t\t);  \t\t\t\t\t\tobserver.observe(element); \t\t\t\t\t}  \t\t\t\t\t\/\/ Find the 1st paragraph before #stnvideo and observe it \t\t\t\t\tlet paragraphToObserve=findPreviousParagraph(\"#stnvideo\", 2); \t\t\t\t\tobserveElement(paragraphToObserve); \t\t\t\t}); \t\t\t} \t\t<\/script> <\/p>\n<p style=\"font-weight: 400;\">The CNBC \/ National Retail Federation Retail Monitor announced this week that core retail sales, which exclude restaurant, car, and gas purchases, are up 6 percent year over year, according to the <a href=\"https:\/\/www.washingtontimes.com\/news\/2025\/aug\/11\/retail-spending-surged-july-despite-fears\/?utm_medium=SocialFlow&amp;utm_source=Twitter&amp;utm_campaign=twtnl_x\" target=\"_blank\" rel=\"noopener\">Washington Times<\/a>.<\/p>\n<p style=\"font-weight: 400;\">Sales rose 4.83 percent year over year for the first seven months, the report said.<\/p>\n<p style=\"font-weight: 400;\">&ldquo;Consumer spending increased in July, driven by successful summer sales events held by many retailers and shoppers continuing to pull purchases forward ahead of tariffs,&rdquo; National Retail Federation President and CEO Matthew Shay said.<\/p>\n<p style=\"font-weight: 400;\">&ldquo;We may be seeing growing inflationary impacts from tariffs since recent data shows price increases in commodity goods, particularly non-durables.<\/p>\n<p style=\"font-weight: 400;\">&ldquo;Even with weaker job growth than many expected, consumers still have the ability to spend on household priorities as wages are growing above the rate of inflation,&rdquo; he said.<\/p>\n<p>The <a href=\"https:\/\/nrf.com\/media-center\/press-releases\/cnbc-nrf-retail-monitor-shows-strong-spending-in-july-as-consumers-responded-to-sales-and-bought-ahead-of-tariffs\" target=\"_blank\" rel=\"noopener\">survey<\/a> found that leisure time spending was the highest category of increase.<\/p>\n<p>The category of &ldquo;sporting goods, hobby, music and book stores&rdquo; showed a sales increase of 2.36 percent month over month and are up 9.99 percent year over year.<\/p>\n<p style=\"font-weight: 400;\">That trend was noted by <a href=\"https:\/\/rollcall.com\/2025\/08\/13\/republicans-got-some-good-news-on-inflation\/\" target=\"_blank\" rel=\"noopener\">Roll Call<\/a>, which said recent <a href=\"https:\/\/www.westernjournal.com\/compare-julys-inflation-numbers-biden-difference-astounding\/\" target=\"_blank\" rel=\"noopener\">economic reports<\/a> are &ldquo;a good sign that the economy may be heading in the right direction.&rdquo;<\/p>\n<p style=\"font-weight: 400;\">The Consumer Price Index was at 2.7 percent in July, just under predictions it would hit 2.8 percent.<\/p>\n<p style=\"font-weight: 400;\">Since January, prices have increased 1.7 percent.<\/p>\n<p style=\"font-weight: 400;\">From January to June, weekly <a href=\"https:\/\/www.westernjournal.com\/working-american-wages-increase-trump-homan-send-illegals-packing\/\" target=\"_blank\" rel=\"noopener\">wages<\/a> had risen 1.7 percent, .2 percent above the CPI, but in July, wages spiked.<\/p>\n<p style=\"font-weight: 400;\">Weekly wages in July showed a 2.3 percent increase, which means, as Roll Call reported, &ldquo;wages have outpaced prices by 0.6 percent.&rdquo;<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> \t\t\t\t\t\t<label>* Name<\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"name\" required> \t\t\t\t\t<\/div>\n<div class=\"sc--field\"> \t\t\t\t\t\t<label>* <\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"\" required> \t\t\t\t\t<\/div>\n<p> \t\t\t\t\t<label>* Message<\/label> \t\t\t\t\t<br \/> \t\t\t\t\t<textarea name=\"message\" required><\/textarea> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> \t\t\t\t\t<input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\"> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> \t\t<script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ]; 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( opts[inputs[i]]=document.querySelector( '.entry-submit-correction [name=\"' + inputs[i] + '\"]' ).value ) ) { \t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .required-message' ).style.display='block'; \t\t\t\t\t\treturn; \t\t\t\t\t}  \t\t\t\t\tdocument.querySelector( '.entry-submit-correction input[type=\"submit\"]' ).style.display='none'; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).src=firefly_loading_gif_url; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='inline-block';  \t\t\t\t\tconsole.log( 'ma subbing' );  \t\t\t\t\tif( firefly_post_id ) opts['post_id']=firefly_post_id;  \t\t\t\t\t\/* Send the data using post with element id name and name2*\/ \t\t\t\t\tvar posting=jQuery.post( firefly_ajax_url, opts );  \t\t\t\t\t\/* Alerts the results *\/ \t\t\t\t\tposting.done( function( response ) { \t\t\t\t\t\tif( response.success ) { \t\t\t\t\t\t\tconsole.log( response.data ); \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='none'; \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-confirm' ).style.display='block';  \t\t\t\t\t\t\tdataLayer.push( { 'event': 'submit-correction' } ); \t\t\t\t\t\t} \t\t\t\t\t}); \t\t\t\t}); \t\t\t} \t\t<\/script> \t     \t\t\t\t\t\t     \t\t\t\t\t<\/div>\n<p style=\"border: 1px solid #f5f5f5; padding: 16px;\">Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. <a href=\"https:\/\/www.westernjournal.com\/advertise-us\/?wj_source=article\">Advertise Today<\/a>.<\/p>\n<p><script>console.log(\"ad slot (BA1)\")<\/script> \t\t<\/p>\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Retail sales increased in July, confounding many economic forecasters. Bill Adams, chief economist at Comerica Bank, warned in March that declining consumer confidence could seriously harm spending. He explained that people worried about the economy&#8217;s direction tend to avoid big purchases like cars and homes, dining out, or taking vacations. Democrats noted that consumers were reducing discretionary spending-something the public might not have been fully aware of<\/p>\n","protected":false},"author":1,"featured_media":2474612,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/08\/Mall.jpg","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[9168,61256,3634],"class_list":["post-2474611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-economy","tag-retail-spending","tag-trump"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/08\/Mall.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2474611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2474611"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2474611\/revisions"}],"predecessor-version":[{"id":2474615,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2474611\/revisions\/2474615"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2474612"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2474611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2474611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2474611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}