NEWS

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Palomar Press Briefing | April 20, 2022



 INDUSTRY NEWS

April 20, 2022

 

GLOBAL DIGITAL SALES MAKE HISTORIC DROP IN Q1 2022

Global online consumer spending took a dive during the first quarter of 2022. Global digital sales declined 3% in the first quarter of 2022 compared to the same quarter a year earlier, according to the Salesforce Q1 Shopping Index. It was the first recorded drop in the nine-year history of the index.

GROCERY PRICES STEADILY INCREASE ACROSS CHANNELS

A new study reveals exactly how much the cost of grocery items rose in March 2022. The rate of inflation has slowed for both health & beauty and household products but continues to rise in grocery categories, according to monthly inflation insights from Numerator.

10-YEAR TREASURY YIELD RISES BACK TO HIGHEST LEVEL IN MORE THAN THREE YEARS

The benchmark 10-year U.S. Treasury yield rose back to its highest point in more than three years on Thursday as traders continued to assess rising inflation. The yield on the 10-year Treasury note rose 13 basis points to 2.827% on Thursday, reaching its highest point since late 2018.

MONTHLY RETAIL SALES FROM THE US COMMERCE DEPARTMENT

Consumers in March pulled back on their acquisition of goods, as they sent more dollars toward experiences like dining out and inflated prices on food and fuel. Last month, in the cohort of segments tracked by Retail Dive, retail sales rose 2.9% year over year, the slowest growth in nearly two years.

REDFIN REPORTS HOME SALES FELL 4 PERCENT IN MARCH AS BUYING COSTS SHOT UP

The median home-sale price rose 6.2 percent in March, the fastest month-over-month gain at this time of year since 2013, to an all-time high of $412,700, according to a new report from Redfin, the technology-powered real estate brokerage.

 

 

 

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