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11th Aug 2025 08:03USDaily Monitor

  • We look for a 1% gain in headline retail sales in July, mostly due to a rebound in auto sales…
  • …But underlying sales likely were relatively weak again, with control sales volumes broadly stagnating.
  • We think consumers' spending will grow by ½-to-1% in Q3, in keeping with the subdued pace in H1.

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Keywords for: 12 August 2025 US Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence