The World Cup Has Been Very Good for Bars and Restaurants
The World Cup likely provided a boost to demand in the United States over the past several weeks, one that might not be initially picked up in the official economic reports but will likely show up in revisions.
Bank of America looked at its aggregate debit card and credit card usage and found that retail activity was up across the 11 host cities. In the three weeks ending June 27, brick-and-mortar spending at restaurants and bars was up 5.3 percent in host cities and 3.8 percent in the rest of the country. That’s an important change because the host cities had lagged the non-hosts in…
Read the full article at BREITBART.COM
