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Retail sales and industrial production hold up in Q2

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Retail sales post a solid gain in April, as cheaper gasoline boosts other spending. Industrial production rises more than expected. Capacity utilization tightens. Business inventories jump by the second most since 1982, but are still very low relative to sales. Builder confidence drops to a two-year low, implying weaker housing starts ahead.

Ned Davis Research | Economics | U.S. Daily Economic Perspectives | Daily

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