Retail figures imply U.S. “above trend”

16 August 2017

 

US households have surprised economists with the size of retail spending in July. According to the latest advance U.S. retail sales numbers released by the U.S. Census Bureau, figures indicated retail sales increased by 0.6% during July, well in front of the 0.3% expected and up on June’s revised figure of 0.3%. On a yearly basis, the increase was 4.2%, up from June’s comparable figure of 3.4% (after revisions). In...

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