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Palomar Press Briefing | December 21, 2022

December 21, 2022 | Palomar Group

 

 INDUSTRY NEWS

 

 

 

 

December 21, 2022

 

VISITS TO PHYSICAL STORES ON SUPER SATURDAY UP 17%

Shoppers turned to brick-and-mortar stores as the holiday shopping season entered its final week. Visits to physical stores on Super Saturday (Dec. 17) were up 17% from the previous Saturday (Dec. 10) and up 36% from Dec. 3, according to shopper traffic data from Sensormatic Solutions.

HOW DEALS WILL FARE IN 2023: PwC

Despite macroeconomic headwinds including inflation, rising interest rates and uncertainty, PwC expects commercial real estate deal activity to slow but remain resilient in 2023, particularly for industrial which continues to have strong fundamentals.

VISITS TO PHYSICAL STORES ON SUPER SATURDAY UP 17%

Shoppers turned to brick-and-mortar stores as the holiday shopping season entered its final week. Visits to physical stores on Super Saturday (Dec. 17) were up 17% from the previous Saturday (Dec. 10) and up 36% from Dec. 3, according to shopper traffic data from Sensormatic Solutions.

HOW DEALS WILL FARE IN 2023: PwC

Despite macroeconomic headwinds including inflation, rising interest rates and uncertainty, PwC expects commercial real estate deal activity to slow but remain resilient in 2023, particularly for industrial which continues to have strong fundamentals.

RETAIL SALES FALL IN NOVEMBER IN ALL BUT TWO CATEGORIES

Retail sales fell in November as consumers felt the squeeze from rising interest rates and inflation. Core retail sales decreased 0.4% in November from October, according to the National Retail Federation, whose calculation excludes automobile dealers, gasoline stations and restaurants.

U.S. INFLATION EASED IN NOVEMBER, CPI REPORT SHOWS

Consumer prices rose last month at the slowest 12-month pace since December 2021, closing out a year in which inflation hit the highest level in four decades and challenged the Federal Reserve’s ability to keep the U.S. economy on track.

GROCERY INFLATION CONTINUES TO LOSE STEAM IN NOVEMBER BUT REMAINS SHARPLY ELEVATED

Grocery inflation in November came in at its lowest level since May, when relief from skyrocketing food-at-home prices seemed to be nowhere in sight. The annual food-at-home price index has now decreased for three months in a row after hitting a multidecade high of 13.5% in August.

 

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