Consumer Sales up 0.2% in Mar 08, is it something to be happy about? I doubt it given that it was against a backdrop of 0.4% dip in Feb. Whats more, do not forget about the inflation, add in the inflation, what you get is a totally flat if not negative growth. Today’s futures see a drop and this is expected.
Consumer Sales up 0.2% in Mar
By Finance in Consumer Sales up 0.2% in Mar
Apr
14
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Consumer being the mainstay of USA GDP at 2/3. Consumer’s growth being flat is an extremely worrying sign for the economy.