Retail Sales And Housing Starts In June Reveal Recovery's Shape

Published Friday, July 17, 2020, 8:30 p.m.

Amid bad news about the Covid crisis, two encouraging signs appeared last week on the economic horizon: retail sales and housing starts. For the 12 months ended June 30, 2020, retail sales rose +2.7%. For the 12 months ended April 30, retail sales revenue had plunged by 18.1%. In the 12 months ended May 31, retail sales rebounded but were still -2.4% lower than they had been a year earlier. By the end of last month, retail sales fully recovered, rising by +2.7% from 12 months earlier. To be clear, retail sales for the 12 months through June were back on...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

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