Wells Fargo Weekly Economic & Financial Commentary – July 17, 2015
Data Support the Case for Sub Two Percent Q2 Growth
- Retail sales posted a 0.3 percent decline in June while May’s reading was downwardly revised, suggesting less consumer spending for the second quarter.
- Industrial production posted a 0.3 percent increase in June; however the manufacturing component posted a flat reading for the second month in a row.
- Inflation metrics released this week indicated that prices have begun to stabilize.
- Housing starts continued to post sizable gains in June, rising 9.8 percent to a 1.2 million unit pace.
Click here to read the full Wells Fargo Weekly Economic & Financial Commentary for July 17, 2015.
Tags: economy, industry