Retail Sales drop again as more Americans are saving more of their paychecks instead of buying stuff. If you take car sales out of the equation, Retail Sales slipped -0.3% last month. Despite less product being sold, buoyancy to corporate profits should be maintained by a decrease to the cost of the production of goods. The Producer Price Index dropped -0.2%. A temporary slip; not a major fall.
Jeremy D Plouzek, Lending Manager
NMLS #151251