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14th Aug 2023 19:26U.S., Daily Monitor

  • The July retail sales report suggests that growth in consumers’ spending is reaccelerating...
  • ...But these data are noisy and subject to revision, so we are not drawing any firm conclusions yet.
  • The consensus for July manufacturing output looks too high, based on the drop in hours worked.

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Keywords for: 16 August 2023 US Monitor

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