Retail Sales Beat Again

Retail sales data for June was reported on Thursday, handily beating expectations for the second consecutive month. As shown in the LPL Chart of the Day, June saw a 7.5% increase month over month, compared with Bloomberg’s consensus expectations for a 5% gain. This comes on the heels of a more than 18% gain in May, but also following by far the lowest reading ever, a 14.7% decline in April.

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