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Thursday, January 15, 2015

US Retail Sales Drop Most Since June 2012 (And Don't Blame Gas Prices)

But but but... US retail advanced sales dropped a stunning 0.9% MoM (massively missing expectations of a 0.1% drop). The last time we saw a bigger monthly drop was June 2012. Want to blame lower gas prices - think again... Retail Sales ex Autos and Gas also fell 0.3% (missing an exuberantly hopeful expectation of +0.5% MoM) and the all-important 'Control Group' saw sales fall 0.4% (missing expectations of a 0.4% surge). Boom goes the narrative.

Advance Retail Sales massively missed For Dec.

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2 comments:

  1. AnonymousJanuary 15, 2015 at 6:06 PM

    Thank you Obama and the rest of you libtard democrats!

    ReplyDelete
  2. AnonymousJanuary 15, 2015 at 7:04 PM

    No one has any money to spend on retail items, because everyone's paying for health care.

    ReplyDelete

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