GDPNow Forecast Rises to 2.8% Following Retail Sales Report

by Mike ‘Mish’ Shedlock
Mish Talk

Retail sales put in a second good month today, rising 0.5% for the month vs. a Bloomberg Econoday Consensus estimate of 0.3%.

Gasoline sales contributed 0.2 percentage points of the increase, no doubt partially due to huge memorial day weekend traffic.

[…] Latest forecast: 2.8 percent — June 14, 2016

Following the sales report, the GDPNow Forecast rose to 2.8 percent.

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