US Week Ahead: Retail Sales, PPI, IP, Current Acct, UMich Cons Sent

We forecast a 0.6% increase in top-line May retail sales, reflecting gains in motor vehicle sales for the month and higher gas station receipts. Motor vehicle sales rose to a 15.3 million unit annual sales pace (+2.6% MoM), while retail gasoline prices rose about 5 cents per gallon during the month….

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US Week Ahead: Retail Sales, PPI, IP, Current Acct, UMich Cons Sent

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