Home Depot has a very large foothold in the U.S. market for fixed investment in residential real estate. suppliers is also slowing down, in sync with private investment. Here is a chart of the.
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Retail sales are used to predict consumer spending trends. That’s because the report comes out monthly. U.S. economic growth, as measured by gross domestic product, is reported quarterly. Therefore, the retail sales report is a more current measurement of economic health. You can use it to predict GDP before that news comes out.
Analysts at TD Securities note that the US retail sales growth came in above expectations at 0.4%. limited by broad-based.