Instapopulist

June retail sales revisions up 0.2%, greater than entire July increase

According to the Advance Retail and Food Services Sales Report for July (pdf) from the Census Bureau, the seasonally adjusted advance estimate of retail and food services sales for the month was $424.5 billion, an increase of 0.2 percent (±0.5%)* over June's revised sales of $432.6 billion and 5.4% (±0.7%) above last July's $402.7 billion.  The asterisk tells us that the Census Bureau does not have sufficie

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