USA Redbook (YoY) 4% Vs 3.5% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Redbook Year-over-Year (YoY) has increased to 4% from the previous 3.5%.
October 10, 2023 | 12:57 pm
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POSITIVE IMPACT
The increase in USA Redbook YoY may indicate a positive economic outlook, which could potentially benefit SPY.
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 retail sector in the US. An increase in the Redbook YoY indicates a positive economic outlook, which could potentially benefit ETFs like SPY that track the performance of the S&P 500 index.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50