Economics Group: Weekly Economic & Financial Commentary
U.S. Review
Third Quarter Growth Appears Solid
- Retail sales rose 0.6 percent in August as auto sales helped to boost the headline number. The stronger reading allayed some fears about consumer spending in the third quarter.
- Business inventories rose 0.4 percent in July signaling that the pace of inventory building may moderate in the third quarter. Inventory data for June were not revised higher and the rise in stocks remained at 0.4 percent.
- Import prices fell a sizable 0.9 percent in August with petroleum import prices accounting for most of the drop in the headline reading.
Follow the link below for the full report.
Wells Fargo Weekly Economic & Financial Commentary – September 12, 2014
Tags: economy