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Where Do Consumers Spend the Most Money? (Answer Will Likely Surprise You)

Courtesy of Mish.

In Dealers “Wildly Overweight” SUVs as Sales Slow, I commented “Vehicles account for 20% of retail spending. A crash or even a significant slowdown will impact retail sales and thus GDP.”

A reader asked me how I calculated that. Let’s take a look.

My number came from the latest Census Department Advance Retail Sales Report.

Here are some charts I created from 7-month totals (January-July) 2017.

Retail Sales in Millions of Dollars

Retail Sales Category Percentages

Key Points


Continue reading here…


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