
July delivered better news after a disappointing June, as the AV Sales Index (AVI-S) accelerated 2.3 points from 56.6 to 58.7. With this new reading, the AVI-S is now averaging the same level in 2024 as it did in 2023: 58.9 this year versus 58.8 last year. Last year, we described this level as roughly in line with what would be normal pre-pandemic but on the low side.
