In September, retail sales of the “controlling group” in the United States grew well nominally, confirming their stability in real terms: what are the impacts for investment choices?
These are the sales that are included in the calculation of the GDP. Retail sales account for almost half of total consumption. Consumption represents about 70% of the American GDP.
We are a private Bank focused on Private Banking. Based in Milan, we have been in the business for 100 years. We are part of an international group specialising in Wealth Management that includes the Switzerland-based PKB Private Bank SA as well as other Entities providing Asset Management and fiduciary services. This allows us to offer solutions typical of a broader financial network.
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