At first look, the US Census Bureau’s retail gross sales report for June confirmed some weak spot, with the headline quantity rising 0.2% final month, in contrast with forecasts of 0.5% and 0.5% in Might. Nevertheless, the retail gross sales “management group” — which filters out some parts to compile a extra correct gauge of shopper spending — rose 0.6% in June, greater than double Might’s tempo and forecast a 0.3% decline. Far forward of