As I expected the Retail Sales report came in quite strong.

The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for July, adjusted for seasonal
variation and holiday and trading-day differences, but not for price changes, were $390.4 billion, an increase of 0.5 percent (±0.5%)*
from the previous month, and 8.5 percent (±0.7%) above July 2010.  Total sales for the May through July 2011 period were up 8.2
percent (±0.3%) from the same period a year ago.  The May to June 2011 percent change was revised from +0.1 percent (±0.5%)* to
+0.3 percent (±0.3%)

Unexpectedly there was an upward revision to the June numbers. Sans concerns about Europe I actually see this report trending even a bit stronger over the rest of the year.

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