USA Redbook (YoY) 6.0% Vs. 6.3% YoY
Portfolio Pulse from Benzinga Newsdesk
The USA Redbook year-over-year (YoY) growth rate came in at 6.0%, slightly below the previous 6.3% YoY growth rate. This indicates a slight deceleration in retail sales growth.
June 04, 2024 | 12:55 pm
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The USA Redbook YoY growth rate of 6.0%, down from 6.3%, suggests a slight deceleration in retail sales growth. This could indicate a potential slowdown in consumer spending, which may impact the broader market represented by SPY.
The slight deceleration in retail sales growth as indicated by the USA Redbook YoY data suggests a potential slowdown in consumer spending. This could negatively impact the broader market, which is represented by SPY.
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