USA Redbook (YoY) 5.0% Vs 4.6% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Redbook Year-over-Year (YoY) has increased to 5.0% from the previous 4.6%.
October 24, 2023 | 1:01 pm
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POSITIVE IMPACT
The increase in USA Redbook YoY may have a positive impact on SPY as it indicates a stronger 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 stronger economy, which is generally positive for broad market ETFs like SPY.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50