Sales in chain stores rose 2.6% last week from the year-earlier period, according to a survey by the International Council of Shopping Centers and Goldman Sachs GS. Sales climbed 2.3% from the previous week. This overall jump comes from an increases in employment and consumer income. The ICSC predicts March sales will be flat to up to 2%. Because Easter falls three weeks later that usual, in late April, there will be a slowdown on year-over-year March sales, despite improvements in the labor market and the economy and the reduction of payroll taxes.
The small-business index increased by 0.4 points in February to 94.5 thanks to gains in hiring and future plans to hire, according to a survey by the National Federation of Independent Business. Although this does not signify a strongly rebounding economy, according to NFIB's chief economist, this is the third best reading since the fourth quarter of 2009. Only net 9% of small-business owners in the survey expected business conditions to improve during the next six months.
(data looks very strong. Especially on job market. )
Let's enjoy the ride. let's go up more.
0 comments:
Post a Comment