Archive for July 16th, 2012

Short-term Forecast for July 16, 2012

Short-term Forecast for July 16, 2012

| July 16, 2012

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Retail Sales and Manufacturing Data Reflect Weakening Economy

Retail Sales and Manufacturing Data Reflect Weakening Economy

| July 16, 2012

The Census Bureau reported that retail sales declined 0.5 percent in June, well below consensus expectations for a slight increase of 0.2 percent. The following graph from Calculated Risk displays the trend in retails sales since 2006. In general, retails sales data are coincident indicators and the trend is rolling over gradually as expected. Note [...]

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