Wells Fargo Weekly Economic & Financial Commentary – June 12, 2015
Consumers Emerge From Hiding
- The slump in consumer spending that characterized the first part of the year looks to be over. Retail sales rose 1.2 percent in May while spending in March and April was revised higher.
- Job openings in April rose to the highest level in the series’ 15-year history, which should keep payroll gains strong in the coming months.
- Small business confidence rose more than expected in May and is now at the second-highest level of the expansion.
- Inflation showed further signs of firming this week, with producer prices and import prices posting strong gains.
Click here to read the full Wells Fargo Weekly Economic & Financial Commentary for June 12, 2015.
Tags: economy