Retail Traffic

How's It Going?

The biggest red flag is the crashing housing market, but in spite of that, GDP is projected to continue growing in 2007 and 2008.

KEY ECONOMIC DATA
Economic Indicator
(YOY %)
2006 2007E 2008E 1Q 07E 2Q 07E 3Q 07E 4Q 07E
GDP Growth 3.40% 2.50% 3.00% 2.30% 2.30% 2.50% 2.60%
Personal Consumption 3.20 3.30 3.10 3.30 3.40 3.50 3.20
Business Investment 7.20 3.20 5.30 2.90 3.40 2.20 4.20
Housing Investment (-4.2) (-13.1) (-0.3) (-16.4) (-15.9) (-12.5) (-7.6)
CPI Inflation 3.20 2.20 2.20 2.40 1.90 1.80 2.90
Unemployment Rate 4.60 4.70 4.90 4.70 4.70 4.70 4.80
S&P 500 Profits ($ per share) 15.70 6.60 7.40 8.30 4.90 4.00 9.30
Source: Citigroup Investment Research
TAGS: Retail
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