- Prior sales +0.2% (revised to -0.1%)
- Ex-autos 0.0% vs +0.1% expected
- Prior ex-auto +0.7% (revised to 0.3%)
- Ex-auto and gas -0.2% vs +0.1% exp
- Prior ex-auto and gas +0.6% (revised to +0.1%)
- Control group -0.3% vs +0.2% exp
- Prior control group +0.7% (revised to +0.3%)
This report was released a couple minutes late because of poor weather in the Eastern US.
retail sales
Poor numbers right across the board with significant negative revisions to December, which is the major retail shopping month. The US dollar is coming under broad pressure. Naturally poor weather is getting the blame but at some point you have to trade what you see. For all the talk of a pickup in the economy, the evidence is thin.
