U.S. Consumer Spending Continues to Boom; Chinese Growth a Little Soft in the Second Quarter
Consumer spending continues to boom: June’s retail sales were up 19.8% from their level in February 2020, before the pandemic hit the U.S. Retail and food services sales rose 0.6% in June from May; this was partially offset by a 0.4% downward revision to May’s level of retail sales, which are now down 1.7% from …