Second quarter Real GDP to be released this week should confirm the strength of monthly data
Another set of solid economic data was recorded last week. Retail sales were reported as having increased by 0.5% in June. That follows a revised 1.3% growth in May. The upward revision for May means personal consumption growth in the second quarter may be even better than the 2.8% expected when the Advance report for Real GDP is released this Friday. Consumer final demand only increased by 0.9% in the first quarter.
PROBANK AUSTIN ADVISOR - JULY 23, 2018