August 11th, 2008 |
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Retail & Food Services Sales (July, Wednesday 8:30 ET) F: 0.0, 0.4% C: 0.1, 0.5% P: 0.1, 0.8% We expect July’s retail sales to remain unchanged from the previous period. Consumers continue diverting spending into nondurable goods away from big ticket items. In fact, in July auto sales tumbled to 12.6 million, their lowest level in 12 years and 2007. While the tax rebates probably helped to ease some pressures, the magnitude of this additional
Filed under: Fundamental
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