Michigan Retailers Report Sluggish October Sales as Economy Slows
November 21, 2019
November 21, 2019
LANSING, Michigan, Nov. 21 -- The Michigan Retailers Association issued the following news release:
A slowing economy and other factors has prompted Michigan retailers to report sluggish sales in October compared to 2018.
Retailers also indicate that they expect a slightly slower holiday season than a year ago, but sales will still be robust compared to earlier in the decade.
The October Retail Index survey came in at 43.0, a decrease from October 2018's 62 . . .
A slowing economy and other factors has prompted Michigan retailers to report sluggish sales in October compared to 2018.
Retailers also indicate that they expect a slightly slower holiday season than a year ago, but sales will still be robust compared to earlier in the decade.
The October Retail Index survey came in at 43.0, a decrease from October 2018's 62 . . .