
Retail Economist Sees Economy Expanding, But with Slower Momentum
The Bureau of Economic Analysis now estimates that gross domestic product grew at a 2.1% annual rate adjusted for inflation in the second quarter.
The Bureau of Economic Analysis now estimates that gross domestic product grew at a 2.1% annual rate adjusted for inflation in the second quarter.
U.S. retail sales rose in July by more than forecast, suggesting consumers still have the wherewithal to sustain the economic expansion.
Having a physical presence in a state is a surefire way to create nexus, but you can also have nexus in states where you don’t have a physical presence.
The U.S. Census Bureau announced that overall retail sales in June were up 0.2% from May and up 1.5% year over year. In May, sales were up 0.5% month over month and up 2% year over year.