A Patchwork Pattern Yields Modest Overall Sales Gains in August
by Michael J. Bazdarich, PhD
Value at Risk Model Ownership and Administration Under SEC Rule 18f-4
by Kevin Ehrlich, Robert Gingrich, PhD
Regulatory Changes for the Australian Banking Sector
by Sean Rogan, Anthony Francis
Headline retail sales rose by 0.7% in August, with the July sales estimate essentially unrevised. Excluding sales of vehicle dealers, building material stores, gas stations and restaurants, so-called “control” sales rose 2.5%, though with a -0.7% revision to July.
The global recovery should see a meaningful pickup in the second half of 2021 as economies continue to reopen, but we remain cautious over the longer term.