According to foreign reports, by the end of October this year, the US consumer confidence index was 38, a decrease of 23.4, a third decline in history, of which consumers' confidence in the future was 35.5, a decrease of 25, a record low.

At the same time, confidence in the current situation rapidly dropped to 41.9, the lowest in 16 years.

The labour market index has also fallen sharply, and the employment index in the future has fallen particularly.

In fact, the index began to decline 15 months ago.

In the past 40 years, the consumer confidence index has never seen such a decline, and every decline is accompanied by a long-term recession.

In the United States, clothing imports tend to peak every summer and indicate the consumption of clothing at the end of the year.

In the 1-8 months of this year, the import volume of American clothing was 14 billion 800 million square meters, down 4% from the same period last year, of which the import volume in August dropped 6.4%.

In the 1-8 months, the consumption of clothing in the United States increased by only 1.1% over the same period last year.

Judging from the past 20 years, the trend of clothing imports and clothing consumption expenditure is almost the same.

This shows that the consumption of Christmas holidays will decrease significantly at the end of this year, and the consumption of clothing and home textiles will also shrink significantly.

At present, American consumers are gradually changing from high-end products to popular products.

Before the unemployment rate falls, retail consumption in the US will remain depressed.