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.
Largest Payroll Gain in 2016, Other Data Not as Robust: What We Learned During the Week of August 1 – 5
The July employment report was a bit of an antidote to the disappointing Q2 GDP data released a week earlier. Surveys of purchasing managers and data on construction spending did not provide additional relief.
