Reply To: Traders Market Weekly: it’s a Mad, Mad World of Political Uncertainty

#74869
Truman
Participant

May Retail Sales 0.1% (Briefing.com consensus 0.3%); Prior was revised to -0.2% from 0.0%; May Retail Sales ex-auto -0.1% (consensus 0.2%); Prior was revised to -0.1% from 0.2%

The key takeaway from the report is that it reflects some slowing in consumer spending on goods that will be accounted for in weaker Q2 real GDP forecasts.

May Industrial Production 0.9% (consensus 0.4%); Prior 0.0%; May Capacity Utilization 78.7% (consensus 78.5%); Prior was revised to 78.2% from 78.4%

The key takeaway from the report was that gains were widespread across the major market groups, with particular strength in manufacturing output that should mitigate hard-landing concerns.

April Business Inventories 0.3% (consensus 0.3%); Prior -0.1%