The Week in Review from Valeo Financial Advisors (August 14, 2015)
August 14, 2015    Disclosures    POSTED IN  Markets

U.S. Economy

  • Retail sales advanced in July on the back of strong auto sales CNBC
  • After declining in each of the first five months of the year industrial production increased for a second consecutive month in July Bloomberg
  • Productivity rose during the second quarter, but by less than half of the first quarter decline U.S. News & World Report

Around the World

  • China devalued its currency this week by the most in over two decades The Guardian
  • Russia’s economy shrank by 4.6% during the second quarter, following a 2.2% first quarter contraction CNBC
  • After much debate Greece’s parliament has backed a new bailout for the country BBC
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