📈 U.S. Real Retail Trade and Food Services: Three Consecutive Quarters of Decline (Q1–Q3 2024)

Real retail trade and food services contracted for three consecutive quarters from Q1 to Q3 2024, declining by 0.8% compared to the same period in 2023. Retail trade and food services, which accounted for 30% of U.S. GDP in 2023, play a significant role in the overall economy.