THE BASIS POINT

Consumer Confidence Waning?

 

Gallup Economic Confidence Index (April 2016)

– Index level -14.

This is a survey index.  It is supposed to be a leading indicator of Consumer Spending.

 
Redbook Chain Store Sales (week ended 4/30/2016)

– Store Sales year/year +0.6%. Previous was +0.8%.

 

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