US retail sales data for January:
- Prior was -0.1% (revised to +0.2%)
- Retail sales control group +0.6% vs +0.3% expected
- Prior control group was -0.3% (unrevised)
- Retail sales ex-autos 0.1% vs 0.0% expected
- Prior ex autos -0.1%
- Retail sales ex-autos and gas +0.4% vs +0.3% expected
- Prior ex-autos and gas 0.0% (revised to +0.1%)
Strong headline with upbeat revisions -- finally some good news for the US economy and US dollar.
Strong categories included 'food and beverages' along with 'general merchandise' and 'non-stop retailers', which is online shopping.
