Retail sales highlights

  • Prior control group +0.8% (revised up to +1.4%)
  • Advance retail sales +0.4% vs +0.5% exp
  • Prior retail sales +0.8% (revised to +0.9%)
  • Ex autos +0.4% vs +0.3% exp
  • Prior ex autos +1.0% (revised to +1.3%)
  • Ex autos and gas +0.4% vs +0.4% exp
  • Prior ex autos and gas +0.8% (revised to +1.2%)

The story here is the November revisions. The headlines were a touch softer but it’s completely wiped out when you factor in the very large upward revisions to November, especially to the control group, which was the best month since 2005.

Consumers were feeling very good heading into the holiday season and spent heavily. Expect to see upward revisions to Q4 GDP estimates and some positive notes about Q1 and beyond.

The odds of a Fed hike in March (and more beyond) have also ticked higher.

Source link

Articles You May Like

NZDUSD trades to highest level since April 2019, but backs off
USDJPY continues its fall lower. Range for the day is larger than the range from last week’s trading.
FOREX TRADING – Best Forex Trading Course of 2020!
Belly Forex Killer: Live trading and Belly System explained by Fundamental Pip Lord
Free Forex Trading Course For Beginners Market Makers Method

Leave a Reply

Your email address will not be published. Required fields are marked *