Fung Global Retail & Technology Sees Spending On Home Goods Driving Near-Term Sales Gains

From Forbes.com on March 31, 2017…

Consumer confidence continues to fluctuate, but remains well above the 13 month average. What does it mean for spending? Deborah Weinswig, Managing Director of Fung Global Retail & Technology, weighs in on consumer confidence, spending, and autos.

Prosper Consumer Confidence: Post-election economic sentiment continues to fluctuate: in April 53.7% report that they are confident/very confident, down four points from March. Despite declining month over month, sentiment is tracking 15%+ higher year over year and remains well above the 13 month average (47.8%). At 68.4%, confidence among small business owners is also down from last month (72.0%). “One month does not a trend make and we would look at the substantial year over year increases in these metrics as a bullish sign for the US economy. Continue reading…

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