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15th Jul 2024 17:52USDaily Monitor

  • The jump in core retail sales in June has the hallmarks of a weather-related blip; expect a pullback in July.
  • We expect partial recoveries in June housing starts and building permits, but a poor outturn for Q2 overall. 
  • Manufacturing output likely grew briskly in both June and Q2, but the recovery will slow in Q3.

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Keywords for: 17 July 2024 US Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence