US June advance retail sales +7.5% vs +5.0% expected
June 2020 US retail sales report highlights:
This is a good looking report notwithstanding the small revision lower in the prior data in the control group.
The year-over-year numbers tell you a lot more about the US economy right now than the m/m data. Overall sales are higher y/y and up 2.9% excluding gasoline. But within the
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