This Ugly Chart Might Be The First Bright Sign Of The Gas Price Pinch

On a year-over-year basis, the ICSC-Goldman Sachs weekly retail sales index fell to its worst level in more than a year.

The gain from a year ago was just 1.7%, which as you can see was worse than the last year.

From Bloomberg:


Photo: Bloomberg

It’s jut one number, but you can clearly see the swan dive in the last few weeks. Keep an eye on this.

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.