HOUSTON—Investment sales volume has been on the rise, and a CBRE study that GlobeSt.com reported Monday afternoon posited one reason: increasing lender activity. Transwestern, in its “The Briefing” newsletter compiled by CIO Tom McNearney, provides another: a pickup in domestic economic activity.

Among other indicators compiled by McNearney, second-quarter GDP grew by 4.2%, the consumer confidence index jumped to 90.0 in July from 86.4 in June, and industrial production rose 4.3% year over year. Further, the US trade deficit shrank by 0.6% in July vs. June to a seasonally adjusted $40.5 billion, leading to Q3 growth revision upward to 3.1% from 2.7%. “The US is showing indications of increasing economic activity, while both Europe and Asia are showing signs of reaching stall speed,” McNearney writes. “The sole exception for the US economy gaining speed is that consumption and same-store retail sales appear to be stubbornly flat. However, if job growth continues to be strong, we should see some lift in consumption and retail sales in the third and fourth quarters.”

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