It’s been a while since we got a nice, big economic datapoint.
Last week was exceptionally dry on this front, and yesterday (in the US) there was none.
Today we get retail sales.
Last month saw a sequential contraction of 0.5%. For July, analysts are expecting a modest 0.2% increase.
Here’s a chart of sequential changes going back to the beginning of 2007.
What’s scarier is if you look at the year-over-year changes.
It’s hard not to worry about the big general trend heading down these days.
We’ll have the number LIVE at 8:30 AM ET.