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Thursday, July 28, 2016 5:15:48 PM
The U.S. economy firmed up in Q2 after having slowed in Q1. Data for June show that retail sales increased for a third consecutive month, consumer confidence jumped to an eight-month high and the employment report was outstanding, which alleviated concerns about the strength of the labor market. This suggests that consumer spending—the backbone of the economy—remained rock-solid in the second quarter. Meanwhile, business activity among U.S. manufacturers was resilient in Q2: the ISM manufacturing index increased again in June, signaling that growth in the sector had gained momentum.
http://files.shareholder.com/downloads/YRCW/1471440273x0x901677/250D507E-A834-4977-B5CA-E61895CBB535/YRCW_2Q_2016_Webcast_Slides_-_FINAL.pdf
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