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Daniel Lacalle: U.S. sales data surges month over month and year over year

Daniel Lacalle: U.S. sales data surges month over month and year over year
U.S. sales see strong growth trend

Daniel Lacalle, chief economist and investment manager at Tressis Gestion, points to strong U.S. sales growth both month over month and year over year, even excluding gasoline and autos.

He contrasts this performance with data from China, which showed a 0.6% year over year decline as recently presented.

Earlier this week, Lacalle noted that U.S. consumer confidence and key Fed activity indexes had exceeded analyst expectations. In a separate report, he observed that China’s factory output for May beat private forecasts despite weaker official data. These data points provide context for his latest commentary on U.S. and Chinese economic trends.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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