A few excerpts from two BofA Merrill Lynch research notes: Consumer demand pulled back in August Based on the aggregated BAC credit and debit card data, retail sales ex-autos fell 0.5% month-over-month (mom) seasonally adjusted (sa). This reversed the 0.9% mom gain in July. As always, there were a number of “special factors” which we […]
source https://thebtrader.com/2019/09/11/merrill-on-retail-consumer-demand-pulled-back-in-august/?utm_source=rss&utm_medium=rss&utm_campaign=merrill-on-retail-consumer-demand-pulled-back-in-august
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