USA Redbook (YoY) 3.8% Vs 3.6% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Redbook Year-on-Year (YoY) has increased to 3.8% from the previous 3.6%.
September 26, 2023 | 12:55 pm
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POSITIVE IMPACT
The increase in USA Redbook YoY may have a positive impact on SPY as it indicates a healthy economy.
The USA Redbook is a measure of comparable store sales at chain stores, discounters, and department stores. It is an indicator of the performance of the broader economy. An increase in the Redbook YoY indicates a healthy economy, which is generally positive for broad market ETFs like SPY.
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