When consumers spend, it makes most everyone in business and economics happy. That money drives almost 70% of GDP. There's money for products and services, businesses do better, and CRE eventually gets its share.
When the news of better-than-expected retail sales in June—1.0% in June, compared to -0.1% in May—stocks took a jump. "Spending was broad based and not just boosted by more money spent on gasoline," Jeffrey Roach, chief economist for LPL Financial, said in emailed comments. However, things are more complicated.
For one, the Census Bureau, which released the figures, noted, as it does in almost every similar type of release: "The 90 percent confidence interval includes zero. There is insufficient statistical evidence to conclude that the actual change is different from zero."
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