Retail Sales Jump On Downward Revisions, Hover At Recessionary Ledge

www.zerohedge.com | 7/15/2016 | Staff
dorkyrocker (Posted by) Level 3
Having slowed in May after April's spike, US Retail Sales in June jumped notably by 0.6% (much better than the expected 0.1% rise) but a lot of this was due to a considerable downward revision (from +0.5% to just +0.2%). Year-over-year, headline retail sales rose modestly to +2.7% but continues to hover...
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