With the election in the rearview and Trump on his way to the White House, those confident or very confident in the economy surge in December to 54.5%. Fung Global Retail & Technology maintains the absence of wage gains have stifled spending on consumer goods for the past few years, thus this data point is encouraging. The early read on December sales is mixed, with 7 of the 12 retailers reporting monthly sales that Fung Global Retail & Technology follows reporting negative December comps reflecting high levels of promotional activity and weak store traffic.
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