Retail Inventories Ex Auto For May 0.0% Vs 0.3% Prior
Portfolio Pulse from Benzinga Newsdesk
Retail inventories excluding autos for May remained flat at 0.0%, compared to a 0.3% increase in the previous month. This indicates a potential slowdown in retail sector growth.
June 27, 2024 | 12:30 pm
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The flat retail inventories excluding autos for May could indicate a slowdown in the retail sector, potentially impacting the broader market represented by SPY.
The flat retail inventories excluding autos suggest a potential slowdown in retail sector growth. As SPY represents the broader market, this could negatively impact its performance in the short term.
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