Even with a lower estimate for Q2 GDP, economic activity appears to have picked up in July.
Smaller Q2 GDP Estimate, Perhaps Improvement in July: What We Learned During the Week of August 22 – 26
Factory Output Up, Consumer Prices Steady: What We Learned During the Week of August 15 – 19
July featured a 2nd straight month of increased manufacturing output while consumer prices held steady.
Retail Sales Pause, Productivity Declines Again: What We Learned During the Week of August 8 – 12
Retail sales took a summer break during July while productivity’s losing streak stretched into a 3rd straight quarter.
What We Learned About the U.S. Economy Last Week 