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US retail sales point to a second-quarter consumer rebound
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4 itemsING THINK
US retail sales point to a second-quarter consumer rebound
The desk believes that the recent uptick in US retail sales signifies a robust consumer rebound in the second quarter, despite underlying weak sentiment indicators. Per the full note from ING, the retail sales data showed a month-on-month increase of 0.2%, with core metrics rising 0.5%, suggesting a recovery bolstered by strong online sales and autos. The overall picture, while mixed, contrasts the disappointing results of Q1 and aligns with expectations for improved economic activity. Upcoming reports will be critical in confirming this trend.
DESK NOTEING Economics
US consumer caution prompts retail sales fall
ING THINK