Prior month of 0.1% revised +0.3%Retail sales came in at $704.3B va $704.5B last month.
Details:
Retail sales 0.0% vs -0.3% estimateRetail sales YoY +2.3%Ex Autos 0.4% vs 0.0% estimatePrior ex autos -0.1% revised to 0.1%Control group 0.9% vs 0.2% estimatePrior month control group 0.4%Ex autos and gas 0.8% vs 0.3% last month. Prior month revised from 0.1%Non store retailers were up 8.9% from last year while food services and drink places were up 4.4% from a year ago
Stronger from most angles vs expectations. In addition the revisions for the retail sales were better as well. A poor performer is the auto which did not do well last month.
This article was written by Greg Michalowski at www.forexlive.com.
