When it comes to YOUR MONEY, we want to take it a step further. That's why Mark Grywacheski appears on Good Morning Quad Cities every Monday to give us his analysis of the latest business, economic, and financial news.
On Monday, July 22nd, Mark talked about the retail sales report that was just released by the U.S. Department of Commerce. It showed better than expected growth for the retail industry in June, but Mark said it's not enough.
"We’re actually seeing a rebound in retail sales," he explained. "June was the 4th consecutive month of increasing sales. So, with all the concerns of an economic pullback, it’s nice to see this recent jump in retail sales/consumer spending."
"However, strength is always relative," he added. "Even though we are seeing a rebound in retail sales, it’s far from where we want to be."
There is a big announcement coming up soon that could help get retail sales back up to where they were a year ago. Click the video above to hear our entire conversation.