Swiss Economicblogs.org
Macroview In spite of poor August retail report, we remain reasonably sanguine on US consumer spending growth over the near term. Today’s US retail sales report for August was surprisingly downbeat, with core retail sales recording their second monthly decline in a row. Core retail sales in the US fell by 0.1% month over month (m-o-m) in August, worse than consensus expectations. Moreover, June and July numbers were revised down by a cumulative 0.2%. The result was that between Q2 and...
Read More »Core retail sales weak in August, but U.S. consumption still healthy
