BofA Finds Consumer Spending Tumbled In December, Warns Of Disappointing Retail Sales

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zerohedge.com / by Tyler Durden / Jan 11, 2017 6:53 PM

With this week’s many critical mercantile information indicate – this Friday’s sell sales – quick approaching, economists are penetrating for clues if this pivotal datapoint giving discernment into a health of a US consumer will say a new outsized spike in auspicious and improved than approaching mercantile data, or if adversely, it might be a downward rhythm indicate that could have poignant implications on a dollar trade as RBC explained earlier. And according to BofA’s inner withdraw and credit label data, always expelled only forward of a sell sales report, it looks like it will be a latter.

As Bank of America’s arch US economist Michelle Meyer reports, a many-sided BAC credit and withdraw label information showed that sell sales ex-autos declined 1.0% mom seasonally practiced in December. “This contrasts with other indicators of consumer strength including reports of a clever holiday selling season, a miscarry in consumer certainty and clever autos sales” according to Meyer.

Actually, formed on gain reports of those companies who have recently sealed their quarter, a diseased Dec is precisely what one should expect, serve advanced by JPM’s


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