New Tail Risks Emerge For 2021
by UPFINA
Article of the Week from UPFINA
Yearly Redbook same store sales growth in the week of April 10th rose from 10.6% to 13.2%. The consumer is spending a lot even compared to a couple years ago. The table below breaks down spending growth in the 2nd half of March. Sales growth at restaurants and bars has been up about 11% to 13% compared to 2019. That’s because in most areas consumers have pent up demand. If you haven’t gathered with your friends and family for a meal in a year, you are more likely to do so when it’s safe. Growth would be higher if no areas had restrictions. The 11PM curfew in NYC was lifted for gyms and movie theaters, but not for restaurants.
Source: http://econintersect.com/pages/investing/investing.php?post=202104140323
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