Commerce Department Monthly Sales
Retail sales rose 0.5% last month, the best showing since a 0.8% advance in March, the US Commerce Department reported. It revised sales higher in the previous two months. Consumers spent more on autos, furniture and gasoline.
Source: U.S. Department of Commerce - commerce.gov
Treasury Yield Curve
Consumer Confidence Index
The Conference Board Consumer Confidence Index®, which had declined in June, improved slightly in July. The Index now stands at 59.5 (1985=100), up from 57.6 in June. The Present Situation Index decreased to 35.7 from 36.6. The Expectations Index rose to 75.4 from 71.6 last month.
Source: The Conference Board - www.conference-board.org
Purchasing Managers Index
Manufacturing continued its growth in July as the PMI registered 50.9 percent, a decrease of 4.4 percentage points when compared to June's reading of 55.3 percent. The PMI registered the lowest reading since July 2009, when it registered 49 percent. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting.
Source: Institute for Supply Management - Manufacturing Report on Business - www.ism.ws
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