In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
- Retail sales unexpectedly dropped in June following weak increase in May
- Producer Price Index rose 0.4 percent in June but down 0.7 percent for previous 12-month period
- Industrial production rose 0.3 percent in June but still down 1.4 percent for the second quarter of 2015
- Both business inventories and wholesale sales rose in May
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