Reassuring Retail

retail_1Retail sales grew a healthy seasonally adjusted 0.5% in May, on the heels of a 1.3% surge in April. In addition, import prices in May rose by the most in two years and export prices rose by the most in five. And while the preliminary June reading of consumer confidence slipped ever so slightly, the component tracking current conditions rose to its highest level since 7/05. Q2 is looking good.

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