{"id":160619,"date":"2022-10-06T12:10:00","date_gmt":"2022-10-06T16:10:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=160619"},"modified":"2023-01-19T18:03:04","modified_gmt":"2023-01-19T23:03:04","slug":"euro-retail-trade-consumer-demand-weakens-for-the-third-consecutive-month","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/euro-retail-trade-consumer-demand-weakens-for-the-third-consecutive-month\/","title":{"rendered":"Euro Retail Trade: Consumer Demand Weakens for The Third Consecutive Month"},"content":{"rendered":"\n<p>Inflation continued to inflict punishing blows upon European consumers in August with retail trade volumes in the euro area declining 2% compared to the previous year. The release sparked additional jitters among investors today, but on an encouraging note, curtailed consumer spending may help combat the strongest inflation in decades plaguing Europe and other economies.<\/p>\n\n\n\n<p>The August year-over-year result was weaker than the 1.7% decline anticipated by the market and an acceleration from the 1.2% year-over-year July decline. On a month-over-month basis, however, the loss decelerated to 0.3% from the 0.4% loss in July. On both year-over year and month-over-month bases, August was the third consecutive monthly decline in retail trade volumes, pointing to a significant weakening of consumer demand.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"750\" height=\"544\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2022\/10\/Picture1-2.png\" alt=\"Retail Trade Declined For Three Consecutive Months\" class=\"wp-image-160621 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2022\/10\/Picture1-2.png 750w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2022\/10\/Picture1-2-700x508.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2022\/10\/Picture1-2-300x218.png 300w\" data-sizes=\"(max-width: 750px) 100vw, 750px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 750px; aspect-ratio: 750\/544;\" \/><\/figure>\n\n\n\n<p>Ecommerce led the August losses with a 3.8% decline from July. Food, drinks and tobacco volumes also weighed on the headline number with a month-over-month loss of 0.8%. In contrast, softer oil prices relative to June and July contributed to an impressive 3.2% gain in automotive fuel sales during August. Non-food products excluding fuel also helped to offset losses, climbing 0.2%. On a year-over-year basis, all segments declined except for automotive fuel\u2014anemic travel activity last year due to the pandemic created a low threshold for August 2022 fuel sales to generate a year-over-year gain.<\/p>\n\n\n\n<p>In addition to European consumers curtailing spending in response to inflation jacking up prices, other challenges hurt retail trade, including the following:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Tighter monetary policy has contributed to higher financing costs, weighing on sales of capital-intensive goods and services.<\/li><li>A weaker euro has dampened sales of imported goods and services because Europeans need to pay more on a relative basis to offset their currency\u2019s decline.<\/li><\/ul>\n\n\n\n<p>Europe, like most of the world, is facing the biggest inflation problem in decades, and this report is positive on the inflation front. Slower consumer demand is key to keeping price pressures in check as businesses lower prices to achieve sales. On the GDP front, this report is negative. Europe depends on domestic consumers to spend money to fuel the economy as their spending provides incomes for other establishments. Weakening consumer demand to this degree hurts incomes across the board. Additionally, business activity has weakened at its sharpest rate since January 2021, according to yesterday\u2019s <a href=\"https:\/\/www.pmi.spglobal.com\/Public\/Home\/PressRelease\/ec079488d2804156a369eda079fe3761#:~:text=The%20S%26P%20Global%20Eurozone%20Services,activity%20across%20the%20euro%20area.\">eurozone PMI release<\/a>. Continued weakness of retail trade and PMI data against the backdrop of high oil prices and tighter monetary policy suggest a flat to negative third quarter GDP reading on Halloween, October 31. Investors have reacted. European equities are down, yields are up, and the euro is down today.<\/p>\n\n\n\n<p><a href=\"https:\/\/tradersacademy.online\/trading-courses\/economic-indicators-european-union\">Watch Videos About Key Economic Indicators at Traders&#8217; Academy &#8211; Click Here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inflation continued to inflict punishing blows upon European consumers in August with retail trade volumes in the euro area declining 2% compared to the previous year. <\/p>\n","protected":false},"author":903,"featured_media":30016,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[5,12711,18,8,9,26,3],"tags":[313,579,1504,528,4420],"contributors-categories":[13760],"class_list":{"0":"post-160619","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-europe-middle-east-africa","8":"category-ibkr-economic-landscape","9":"category-macro","10":"category-region","11":"category-securities","12":"category-text-articles","13":"category-traders-insight","14":"tag-europe","15":"tag-eurozone","16":"tag-monetary-policy","17":"tag-pmi","18":"tag-retail-trade","19":"contributors-categories-ibkr-macroeconomics"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Euro Retail Trade: Consumer Demand Weakens for The Third Consecutive Month<\/title>\n<meta name=\"description\" content=\"Inflation continued to inflict punishing blows upon European consumers in August with retail trade volumes in the euro area declining 2% compared to the...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/160619\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Euro Retail Trade: Consumer Demand Weakens for The Third Consecutive Month | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"Inflation continued to inflict punishing blows upon European consumers in August with retail trade volumes in the euro area declining 2% compared to the previous year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/euro-retail-trade-consumer-demand-weakens-for-the-third-consecutive-month\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-06T16:10:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-19T23:03:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/01\/retail.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jose Torres\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jose Torres\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t    \"@context\": \"https:\\\/\\\/schema.org\",\n\t    \"@graph\": [\n\t        {\n\t            \"@type\": \"NewsArticle\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/euro-retail-trade-consumer-demand-weakens-for-the-third-consecutive-month\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/euro-retail-trade-consumer-demand-weakens-for-the-third-consecutive-month\\\/\"\n\t            },\n\t            \"author\": {\n\t                \"name\": \"Jose Torres\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/92c2be3b6162d92fb996417221509b6e\"\n\t            },\n\t            \"headline\": \"Euro Retail Trade: Consumer Demand Weakens for The Third Consecutive Month\",\n\t            \"datePublished\": \"2022-10-06T16:10:00+00:00\",\n\t            \"dateModified\": \"2023-01-19T23:03:04+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/euro-retail-trade-consumer-demand-weakens-for-the-third-consecutive-month\\\/\"\n\t            },\n\t            \"wordCount\": 439,\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/euro-retail-trade-consumer-demand-weakens-for-the-third-consecutive-month\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2020\\\/01\\\/retail.jpg\",\n\t            \"keywords\": [\n\t                \"Europe\",\n\t                \"Eurozone\",\n\t                \"monetary policy\",\n\t                \"PMI\",\n\t                \"retail trade\"\n\t            ],\n\t            \"articleSection\": [\n\t                \"Europe, the Middle East and Africa\",\n\t                \"IBKR Economic Landscape\",\n\t                \"Macro\",\n\t                \"Region\",\n\t                \"Securities\",\n\t                \"Text Articles\",\n\t                \"Traders' Insight\"\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/euro-retail-trade-consumer-demand-weakens-for-the-third-consecutive-month\\\/\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/euro-retail-trade-consumer-demand-weakens-for-the-third-consecutive-month\\\/\",\n\t            \"name\": \"Euro Retail Trade: Consumer Demand Weakens for The Third Consecutive Month | IBKR Campus US\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t            },\n\t            \"primaryImageOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/euro-retail-trade-consumer-demand-weakens-for-the-third-consecutive-month\\\/#primaryimage\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/euro-retail-trade-consumer-demand-weakens-for-the-third-consecutive-month\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2020\\\/01\\\/retail.jpg\",\n\t            \"datePublished\": \"2022-10-06T16:10:00+00:00\",\n\t            \"dateModified\": \"2023-01-19T23:03:04+00:00\",\n\t            \"description\": \"Inflation continued to inflict punishing blows upon European consumers in August with retail trade volumes in the euro area declining 2% compared to the previous year.\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"ReadAction\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/euro-retail-trade-consumer-demand-weakens-for-the-third-consecutive-month\\\/\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"ImageObject\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/euro-retail-trade-consumer-demand-weakens-for-the-third-consecutive-month\\\/#primaryimage\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2020\\\/01\\\/retail.jpg\",\n\t            \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2020\\\/01\\\/retail.jpg\",\n\t            \"width\": 900,\n\t            \"height\": 540\n\t        },\n\t        {\n\t            \"@type\": \"WebSite\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"name\": \"IBKR Campus US\",\n\t            \"description\": \"Financial Education from Interactive Brokers\",\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"SearchAction\",\n\t                    \"target\": {\n\t                        \"@type\": \"EntryPoint\",\n\t                        \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t                    },\n\t                    \"query-input\": {\n\t                        \"@type\": \"PropertyValueSpecification\",\n\t                        \"valueRequired\": true,\n\t                        \"valueName\": \"search_term_string\"\n\t                    }\n\t                }\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"Organization\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t            \"name\": \"Interactive Brokers\",\n\t            \"alternateName\": \"IBKR\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"logo\": {\n\t                \"@type\": \"ImageObject\",\n\t                \"inLanguage\": \"en-US\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t                \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"width\": 669,\n\t                \"height\": 669,\n\t                \"caption\": \"Interactive Brokers\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t            },\n\t            \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t            \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t        },\n\t        {\n\t            \"@type\": \"Person\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/92c2be3b6162d92fb996417221509b6e\",\n\t            \"name\": \"Jose Torres\",\n\t            \"description\": \"Jos\u00e9 Torres is Senior Economist at Interactive Brokers. In this capacity, he is responsible for economic analysis, economic commentary and educational content focused on the economy. Prior to joining Interactive Brokers, Jos\u00e9 spent 6 years working as an economist in the United States government within the Federal Deposit Insurance Corporation (FDIC) and the Bureau of Labor Statistics (BLS). During his time with the U.S. government, Jos\u00e9 frequently led presentations covering economic conditions and forecasts for elected officials, political appointees and senior management. He also built economic models, consulted with private sector executives, contributed to the modernization of economic processes and gained recognition for predicting the inflationary episode of the 2020s. Jos\u00e9 has also been a professor of economics at the City University of New York and holds a master\u2019s degree in financial economics from West Texas A&amp;M University. His skillset includes the ability to communicate and analyze complex economic topics in English and in Spanish and throughout his career, he has been interviewed by media outlets including Bloomberg, CNBC, CNN, WSJ, AP, Yahoo Finance, Cheddar, Business Insider, Seeking Alpha, PBS, FOX, Economic Times, Univision, Telemundo and others.\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/jose-torres\\\/\"\n\t        }\n\t    ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Euro Retail Trade: Consumer Demand Weakens for The Third Consecutive Month","description":"Inflation continued to inflict punishing blows upon European consumers in August with retail trade volumes in the euro area declining 2% compared to the...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/160619\/","og_locale":"en_US","og_type":"article","og_title":"Euro Retail Trade: Consumer Demand Weakens for The Third Consecutive Month | IBKR Campus US","og_description":"Inflation continued to inflict punishing blows upon European consumers in August with retail trade volumes in the euro area declining 2% compared to the previous year.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/euro-retail-trade-consumer-demand-weakens-for-the-third-consecutive-month\/","og_site_name":"IBKR Campus US","article_published_time":"2022-10-06T16:10:00+00:00","article_modified_time":"2023-01-19T23:03:04+00:00","og_image":[{"width":900,"height":540,"url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/01\/retail.jpg","type":"image\/jpeg"}],"author":"Jose Torres","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Jose Torres","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/euro-retail-trade-consumer-demand-weakens-for-the-third-consecutive-month\/#article","isPartOf":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/euro-retail-trade-consumer-demand-weakens-for-the-third-consecutive-month\/"},"author":{"name":"Jose Torres","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/92c2be3b6162d92fb996417221509b6e"},"headline":"Euro Retail Trade: Consumer Demand Weakens for The Third Consecutive Month","datePublished":"2022-10-06T16:10:00+00:00","dateModified":"2023-01-19T23:03:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/euro-retail-trade-consumer-demand-weakens-for-the-third-consecutive-month\/"},"wordCount":439,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/euro-retail-trade-consumer-demand-weakens-for-the-third-consecutive-month\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/01\/retail.jpg","keywords":["Europe","Eurozone","monetary policy","PMI","retail trade"],"articleSection":["Europe, the Middle East and Africa","IBKR Economic Landscape","Macro","Region","Securities","Text Articles","Traders' Insight"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/euro-retail-trade-consumer-demand-weakens-for-the-third-consecutive-month\/","url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/euro-retail-trade-consumer-demand-weakens-for-the-third-consecutive-month\/","name":"Euro Retail Trade: Consumer Demand Weakens for The Third Consecutive Month | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/euro-retail-trade-consumer-demand-weakens-for-the-third-consecutive-month\/#primaryimage"},"image":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/euro-retail-trade-consumer-demand-weakens-for-the-third-consecutive-month\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/01\/retail.jpg","datePublished":"2022-10-06T16:10:00+00:00","dateModified":"2023-01-19T23:03:04+00:00","description":"Inflation continued to inflict punishing blows upon European consumers in August with retail trade volumes in the euro area declining 2% compared to the previous year.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/euro-retail-trade-consumer-demand-weakens-for-the-third-consecutive-month\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/euro-retail-trade-consumer-demand-weakens-for-the-third-consecutive-month\/#primaryimage","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/01\/retail.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/01\/retail.jpg","width":900,"height":540},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/92c2be3b6162d92fb996417221509b6e","name":"Jose Torres","description":"Jos\u00e9 Torres is Senior Economist at Interactive Brokers. In this capacity, he is responsible for economic analysis, economic commentary and educational content focused on the economy. Prior to joining Interactive Brokers, Jos\u00e9 spent 6 years working as an economist in the United States government within the Federal Deposit Insurance Corporation (FDIC) and the Bureau of Labor Statistics (BLS). During his time with the U.S. government, Jos\u00e9 frequently led presentations covering economic conditions and forecasts for elected officials, political appointees and senior management. He also built economic models, consulted with private sector executives, contributed to the modernization of economic processes and gained recognition for predicting the inflationary episode of the 2020s. Jos\u00e9 has also been a professor of economics at the City University of New York and holds a master\u2019s degree in financial economics from West Texas A&amp;M University. His skillset includes the ability to communicate and analyze complex economic topics in English and in Spanish and throughout his career, he has been interviewed by media outlets including Bloomberg, CNBC, CNN, WSJ, AP, Yahoo Finance, Cheddar, Business Insider, Seeking Alpha, PBS, FOX, Economic Times, Univision, Telemundo and others.","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/jose-torres\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/01\/retail.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/160619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/903"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=160619"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/160619\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/30016"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=160619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=160619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=160619"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=160619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}