Retail sales in the US came in lower than expected for June, but the big picture still looks strong
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Argonath Financial
Retail sales in the US came in lower than expected for June, but the big picture still looks strong. June retail spending rose 0.2%, compared to the 0.6% expected by the market. However, May's number was revised upward from 0.3% to 0.5%. More importantly, the annual trend in retail spending remains intact. The yearly increase of 4.3% is roughly in line with previous months. What's more, if you strip out gasoline from the equation, the annual number jumps to a more robust 4.8%. Given the overall economic picture, June's retail consumption numbers continue to support a growing economy. (VIEW LINK)
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I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
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I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
Expertise
No areas of expertise