Discover and read the best of Twitter Threads about #RetailSales

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#MacroView
#NFIB data says we are only in a #recovery, not an #economic expansion.
While the NFIB data doesn't get much #media attention, it should as it tells you much about what is really happening in the #economy.
realinvestmentadvice.com/macroview-nfib…
Reason I pay attention to #NFIB
Sept 2019 - Data rings alarm bells on #recession.
April 2020 - Data says recession arrived.
May 2020 - Data says #economic recovery not as strong as media suggests.
realinvestmentadvice.com/macroview-nfib… Image
If businesses were expecting a massive surge in “#pentup#demand, they would prepare for it. Such includes #planning to increase #capex to meet expected demand. Unfortunately, those expectations peaked in 2018 and are dropping back to the March 2020 lows.
realinvestmentadvice.com/macroview-nfib… Image
Read 7 tweets
Data on #China’s Macro #Economy in March:
1. The economy picked up - manufacturing #PMI was 50.5%, 1.3% up from February and down 1% year-on-year;
2. #Industrial growth picked up - added value of industries above designated size rose by 8.5% year-on-year, 3.2% up from February;
3. #Consumption picked up - #retailsales rose by 8.7% year-on-year, 0.5% up from February;
4. Fixed #asset and #infrastructure #investment rebounded – from January to March, total fixed asset investment was up by 6.3% year-on-year, 0.2% higher than the first 2 months;
5. #Exports saw positive growth, while #imports continued to fall - dollar-denominated exports grew by 14.2% year-on-year, while imports fell by 7.6%;
6. #CPI and #PPI both picked up – CPI up by 2.3% year-on-year, and PPI, 0.4%.

mp.weixin.qq.com/s?__biz=MjM5Nj…
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