​Economy is doing great. Where are they spending the money?

I have two location in the north Dallas area. If the economy is doing great. Where are they spending the money? I’m talking about consumer spending.

So, I started my business in 2016 (retail wholesaler food distribution), and we have steady growth year over year. Even during covid, we were doing record numbers. Now (april-may), it looks like it is slowing down significantly. I talked to other folks in the industry, and they are down. Despite the excellent economy and the lowest unemployment in history, the stock market keeps going up and up, along with low inflation (3.48%?). Why am I down 20-30% compared to last year? Our product line is very strong, and I don’t see demand. Our slow months are may-jun-july. But THIS IS SLOW. My customer are saying it’s expensive, and their customers are not buying as much, causing orders to drop by 20-50%

Something is going on. Is this a normal business cycle? Should I be worried? We have very good cash reserves and would need to tap into them to meet significant payables. Our cash flow is below good but not great.

submitted by /u/Left-Tomatillo8669
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