Report
Data Round-Up: April Retail Sales & Revisions Put Better Tone on 2018 Spending
posted by Michael Lewis on May 15, 2018
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Headline
Retail sales matched consensus estimates in April, but upward revisions put a better tone on 2018 spending. Based on these early results, FMI is tracking near +2.75% real consumption growth in 18Q2, a decent rebound from 18Q1's lackluster total.
Abstract
FMI’s analyses of this morning’s April Retail Sales and March Business Inventories reports, and an updated look at likely GDP revisions for 18Q1 (all three also attached as a single PDF), plus notes on this morning’s the May NY Fed Empire regional manufacturing index and the May NAHB Housing Market index.
About Michael Lewis
Mike Lewis founded Free Market Inc. (FMI) in 1982 as a full-service economic consulting firm, providing insights and in-depth data analysis primarily for institutional money managers and corporate planning directors.
FMI has compiled a solid record of timely, independent and accurate economic forecasts. FMI blends its unique analysis of indicators and experience with economic cycles into a consistent overall outlook. They offer both a comprehensive overview and in-depth detail that enable clients to integrate FMI’s insights into their decision-making process.
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