Retail Sales Performance - U.S retail sales increased as expected in July [1] - Consumers took advantage of online sales [1] - Consumers hit automobile lots [1]

Economic Data Overview - U.S. Retail Sales for July increased by 0.5%, down from a revised 0.9% in June, which was the second-highest level of the year [2] - Excluding auto sales, Retail Sales were also in line with estimates at +0.3%, a decrease from the upwardly revised +0.8% in June [2][3] - Core Retail Sales (Control print) for July was +0.5%, down from the revised +0.8% in June, indicating a slowdown in consumer spending [3] Import and Export Prices - July Import Prices rose by 0.4%, significantly above the consensus estimate of 0.0%, marking the highest level since April 2024 [4] - Year-over-year, Import Prices have remained at -0.2% for three consecutive months [4] - Exports for July increased by only 0.1%, down from +0.5% in June, with year-over-year growth decreasing from +2.6% to +2.2% [5] Trade Dynamics - The increase in Import Prices suggests that U.S. trading partners are not absorbing tariff costs, as higher prices indicate a lack of downward trend [6] - The current trade situation reflects a challenge, with rising Import Prices and declining Export values [5][6] Manufacturing Sector Insights - The Empire State Index for August reported a higher-than-expected figure of 11.9, marking the second-highest month since November of the previous year [7] - This is the second consecutive positive reading after four months of negative results, indicating a potential recovery in the manufacturing sector [7] Market Outlook - The S&P 500 is on track to maintain its winning streak, achieving record closing highs throughout the week [8] - Upcoming economic data releases and the Jackson Hole Economic Symposium are anticipated to influence market sentiment, particularly regarding potential Fed rate cuts [8][9]

Retail Sales - July retail sales increased by 05% month-over-month, closely aligning with the expected 06% increase [2] - Excluding autos, retail sales still showed growth, increasing by 03%, as expected [3] - Core retail sales, or the control group, increased by a strong 05%, exceeding expectations [4] - Revisions to previous months' data show upward adjustments, with headline retail sales revised from 06% to 09%, and core retail sales revised from 05% to 08%, indicating solid growth [5] Import and Export Prices - Import prices increased by 04% month-over-month, exceeding expectations and marking the highest level since April 2024 [5][6] - Excluding petroleum, import prices still rose by 03% month-over-month, matching the high of April [6] - Year-over-year, import prices decreased by 02%, marking the third consecutive month of decline at that rate [7] - Export prices increased by 01% month-over-month and 22% year-over-year [7] - Revisions to import prices show a decrease of 01% month-over-month [8] Manufacturing and Interest Rates - Empire Manufacturing came in at a strong 119%, the second highest of the year outside of March [8] - Interest rates have slightly increased, with the 10-year Treasury yield moving from 429% to 430% [8]

US retail sales rose in July in a broad-based advance, boosted by car sales and major online promotions in a sign consumers stepped up their spending in recent months. https://t.co/LZR3Atk3NM ...

Geopolitical Events - The Trump administration is said to be discussing a meeting between Trump and Putin in Alaska [1] Business and Finance - The Trump administration is reportedly discussing taking a stake in Intel [1] - Retail sales data is in focus [1]

Economic Indicators - China's July industrial production increased by 57% year-over-year, below the expected 59% [1] - Retail sales in China increased by 37% year-over-year in July, also below the expected 46% [1] - The surveyed urban unemployment rate in China was 52% in July, higher than the expected 51% [1] - Fixed asset investment in urban areas of China increased by 16% year-to-date through July, below the expected 27% [1]

Brazil’s retail sales unexpectedly fell in June, marking their third consecutive drop and the latest sign Latin America’s biggest economy is cooling down https://t.co/cgFszEuYJY ...

Retail Sales Performance - Australian retail sales exceeded forecasts in the final reading [1] Monetary Policy Implications - Strong retail sales data contradicts recent data supporting a potential interest rate cut by the Reserve Bank as early as next month [1]

Retail sales in Toronto are lagging the rest of Canada, as the region that depends on manufacturing exports shows signs of struggling economic growth https://t.co/BTwhZbFvLx ...

Canadian retail sales are flashing a warning sign of weaker spending by consumers who may be increasingly worried about rising prices and their job prospects https://t.co/0jw3dhNtLM ...