Cardboard box sales dropped 80% ahead of the Christmas Holiday Season.
Dr. Elliot explains @ 1:30 minutes in…
People are way scaling back on Christmas. Infact, more and more families have set a limit on the ages of people that can receive a gift. It is usually now reserved for those under 14 years old. New clothing, i-pad, or phone is common. Adults that are giving are trading gift cards… a big waste.
Other families are resorting to doing a special meal and family activity together instead. Like play games/Monopoly,Jinga, shoot and ladders for the little ones or Uno all day, taking long family walks, going reruns movie houses.
No one is in the mood for spending a lot of money.
Producer Price Index by Industry: Corrugated and Solid Fiber Box Manufacturing: Corrugated Shipping Containers for Paper and Allied Products
fred.stlouisfed.org/series/PCU32221132221102