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Most Americans enjoyed the unseasonably warm winter.”Average temperatures from
December 2011 through February 2012 were the fourth highest since the records started being kept in 1890,” write economists at Bank of America Merrill Lynch.
But the implications are much broader and deeper than you would think.
Bank of America’s analysts pulled weather-related quotes from recent corporate earnings announcements and conference calls.
Description: Home improvement retailer
Management commentary: 'Better weather translates into improved sales for exterior categories like building materials, and also translates into increased customer transactions which lift the entire business.'
Source: Bank of America Merrill Lynch