A highly positive retail sales data for the US economy has further reaffirmed speculations that the country’s economic status is regaining its momentum following a previously weak slew of data last winter. However, these positive economic reports were pockmarked by a drop in earnings reports. But economists are saying that the country’s economy could possibly be in for stronger consumer data in the second quarter of 2017, which is apparently not surprising since the US labor market is continuously showing signs of steady improvement.
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