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North America Weekly

U.S.: Watch Dim Retail Sales and FOMC Minutes

Following the worrisome deterioration in the NFIB index in March (including deterioration in current and future employment gauges) the April index brought some relief and is positive news. The NFIB Index of Small Business Optimism edged up a 2 percentage points to reach 94.5 in April, after a dip of similar magnitude in March that had interrupted a streak of six consecutive gains.

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