USA Redbook (YoY) 4.8%; 6.3% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Redbook year-over-year (YoY) growth rate has decreased to 4.8% from the previous 6.3%.
July 16, 2024 | 12:56 pm
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NEGATIVE IMPACT
The USA Redbook YoY growth rate has decreased to 4.8% from 6.3%, indicating a slowdown in retail sales growth. This could impact the SPDR S&P 500 ETF (SPY) as it reflects broader economic conditions.
A decrease in the Redbook YoY growth rate suggests a slowdown in retail sales, which can be a sign of weakening consumer spending. This could negatively impact the SPDR S&P 500 ETF (SPY) as it reflects the overall economic health.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50