Report
Data Round-Up: Real Consumption Likely Up +2% in 14Q3
posted by Michael Lewis on September 12, 2014
Found in US, categorized in Growth Outlook and Business Cycle
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Headline
Smooth sailing. Today's retail revisions washed away much of the early summer softness. Given the above-consensus August results and some rebound likely in services, real consumption is on track for +2% annualized growth in 14Q3.
Abstract
FMI’s analyses of today’s August Retail Sales and July Business Inventories reports as well as reviews of August Bank Lending & Money Supply data and August Import and Export Prices.