Consumer Spending Flat
ICSC-Goldman Store Sales (week ended 3/1/2014)
– Store Sales Week/Week +0.3%. Previous was -0.6%
– Store Sales Year/Year +1.5%. Previous was +1.4%
Redbook Store Sales (week ended 3/1/2014)
– Store Sales Year/Year +2.9%. Previous was +2.9%.
The Consumer Metrics Institute Absolute Demand Index which measures online shopping has been flat for 8 days after falling for 6 days.
This data is a bit weak. Consumer Spending may be slowing or, at best, flat and consumer spending drives everything.