Retail sales jumped +0.6% in June. But do not get too excited. Retail sales were up +2.7% y/y, which is what happens when the economy is in a recession (see above chart).
The point is the economy is still growing slowly. This situation create risk and opportunities.
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George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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1 comment:
Measuring consumer demand for finished goods, retail sales help gauge the pulse of an economy and its projected path toward expansion or contraction. As a leading macroeconomic indicator, healthy retail sales figures typically elicit positive movements in equity markets. Still, some people are searching for quick and easy cash for emergency to make ends meet between paydays and pay for utilities.
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