Pantheon Macroeconomics - July's retail sales report signalled a good start to the third quarter but also implied that second quarter spending was stronger than previously thought. The upward revisions--totalling 0.5% for total sales and 0.4% for non-auto sales--were the biggest for some time, but we were not unduly surprised.

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16 August 2017 Strong July Sales and Revisions Signal Robust Consumption

By Ian Shepherdson

July's retail sales report signalled a good start to the third quarter but also implied that second quarter spending was stronger than previously thought. The upward revisions--totalling 0.5% for total sales and 0.4% for non-auto sales--were the biggest for some time, but we were not unduly surprised.

Posted: 15th Aug 2017 in 'U.S. Documents'

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