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ADVANCE RETAIL SALES FOR MAY 2015. ARE WE GETTING CLOSER TO A RECOVERY UNDERWAY?

The minions at the Census Bureau released the June 2015 report of the Advance Monthly Sales for Retail and Food Services reporting May 2015 data. Everything is up by month and by quarter!

I'm not going to hit with you all the charts generated from this series, but glance at the table below the main chart.



Expressed in True Dollars™, these are solid month-over-month gains though I suspect these gains reflect an income tax return effect. The quarterly gains impress even more.

We're still far from Peak GDP. If Americans continue on this path, it's quite possible for 2015 to finish ahead of 2014. A year-over-year advance hasn't happened in awhile.

A year-over-year advance would signal a true recovery underway. Some would say that is a signal to go long industrial raw materials, manufacturers, banks and so on.