Ex auto 0.9%. versus 0.3% expected. Prior month data revised lower
Tthe advanced US retail sales for January rose by 0.2% versus 0.0% estimate. However the prior month was revised lower to -1.6% from -1.2%. That was the pattern for quality breakdowns as well. The headline number was the lowest since September 2009
- EX auto 0.9% versus 0.3% estimate. Prior month -2.1% versus -1.8%
- Ex auto and gas, 1.2% versus 0.6% estimate. The prior month was revised to -1.6% versus -1.4%
- Control Group, 1.1% versus 0.6% estimate. Prior month was revised to -2.3% versus -1.7%
The scuttlebutt is that the Deceember numbers are still an eye raiser. The private numbers were not showind such declines. The rub may be that the Government is not correctly capturing the online sales.
This report was delayed as a result of the 35 day government shutdown. The February report which was scheduled for publication on Thursday won;t be released until April 1
