Initial Guidance | 16 May 2016

● US Retail sales up 1.3% in Apr, biggest gain in a year | MarketWatch
● US Consumer Sentiment Index In May At 1yr High | Bloomberg
● US Business Inventories Rise More Than Expected In Mar | RTT
● GDPNow Q2 growth estimate for US jumps to +2.8% | Atlanta Fed
● NY Fed nowcast for US GDP growth in Q2: +1.2% | NY Fed
● China Ind Prod, Retail Sales Up Less Than Expected in Apr | RTT
● Yes, the IMF and 200-plus economists can be wrong | R. Bootle (Telegraph)