Core Retail Sales Growth Weakest Since February

With YoY retail sales growth having slowed dramatically in the last two months (actually contracting MoM in Septmber), analysts were expecting a credit-card-fueled buying bounce in November but it was disappointing.

Confirming BofA’s credit-card data…

November retail sales rose just 0.2% MoM (much lower than the 0.5% rise expected)

Source: Bloomberg

Retail sales increased in 8 of the 13 sectors…

But in the core, ex-autos and gas, year-over-year retail sales growth is its weakest since Feb 2019…

Source: Bloomberg

The control group’s meager 0.1% rise – which feeds into GDP – is not what the doctor ordered…

Source: Bloomberg

…as it seems, despite soaring confidence, the US consumer is not exuberantly over-spending.

Source Article from http://feedproxy.google.com/~r/zerohedge/feed/~3/D2aUulA5oRk/core-retail-sales-growth-weakest-february

Related Posts
Core Producer Price Inflation Tumbles To Weakest Since 2016

Following the surprise acceleration in consumer prices, producer prices were expected to re-accelerate after diverging

UK economy faces weakest growth since second world war

  The British economy is on track for the weakest year outside a recession since the

Proof Lice Have Been Around Since Cretaceous Period

Artist‘s reconstruction of Mesophthirus engeli of elder development stage feeding on the dinosaur feathers from

Since Feeding the Homeless Is Illegal, Activists Carry AR-15s to Give Out Food, Supplies

By Matt Agorist Dallas, TX — Feeding and clothing the homeless in the land of

Hits: 12

You can leave a response, or trackback from your own site.

Leave a Reply

*

Powered by WordPress | Designed by: Premium WordPress Themes | Thanks to Themes Gallery, Bromoney and Wordpress Themes