Consumer Spending is Surprisingly Strong in the Final Month of the Second COVID Summer


The emergence of the Delta variant in July caused consumers to tap the brakes on spending, but as the summer wore on, purchases apparently resumed. The advance retail sales report showed an unexpected +0.7% increase last month, well above the median Bloomberg forecast calling for a -0.7% decline. The miss was mitigated to a degree as the previously reported July number was revised downward from -1.1% to -1.8%.


Read the full article

Read more Economic Commentary

Learn More From HilltopSecurities

Brisk Growth Pushes Consumer Prices Higher

Q1 GDP is Solid, but Short of the Whisper

Thank you for visiting the HilltopSecurities website.
For best viewing experience, we recommend using Chrome, Firefox, Safari, or Microsoft Edge.