Retail Sales Up 0.7% in November, Better Than Expected
Portfolio Pulse from
The Census Bureau's Advance Retail Sales Report for November showed a 0.7% increase in retail sales, surpassing the expected 0.6% growth. This indicates stronger consumer spending than anticipated.
December 18, 2024 | 8:00 pm
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POSITIVE IMPACT
The 0.7% increase in retail sales for November, surpassing expectations, is likely to positively impact the Amplify Online Retail ETF (IBUY), which focuses on online retail companies.
IBUY is an ETF that tracks online retail companies. The better-than-expected retail sales growth suggests increased consumer spending, which could benefit online retailers and, by extension, IBUY.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80