Data Round-Up: April Retail Sales & Revisions Put Better Tone on 2018 Spending
posted by Michael Lewis on May 15, 2018
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.
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.