Retail Sales Up 0.4% in December, Lower Than Expected
Portfolio Pulse from
The Census Bureau's Advance Retail Sales Report for December showed a 0.4% increase in retail sales, which was lower than expected. November's retail sales were revised higher to 0.8%.
January 16, 2025 | 3:45 pm
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The December retail sales report showed a 0.4% increase, which was below expectations. This could impact IBUY, an ETF focused on online retail, as it reflects consumer spending trends.
IBUY is an ETF that tracks online retail companies, and retail sales data is a key indicator of consumer spending. The lower-than-expected increase in December retail sales suggests weaker consumer spending, which could negatively impact online retail performance and, consequently, IBUY's short-term price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50