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14th Aug 2023 10:51U.S., Daily Monitor

  • The boost to online sales from Amazon Prime Day is an upside risk to our July retail sales forecast.
  • The bigger picture, though, is that consumption spending growth is slowing, albeit not collapsing.
  • Homebuilding activity continues to rebound, but manufacturing remains in a sorry state.

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Keywords for: 15 August 2023 US Monitor

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