What Do Sales Data Show About This Recession?

What Do Sales Data Show About This Recession?

People aren’t buying: Large appliances, furniture, and durable household goods

Alcohol Sales Plummet

Alcohol Sales Plummet

What’s up, beer drinkers of America? Bloomberg notes that “take-out sales of alcoholic beverages tumbled 9.3 percent in the fourth quarter, the steepest drop since the U.S. Commerce Department started compiling data half a century ago,” and a drop four times greater than the overall fall in consumer spending. Most of that was due to the 14 percent drop in beer sales.