- Prior was +0.3%
- Ex autos +0.1% vs -0.1% expected
- Prior ex autos -0.3% (revised to -0.1%)
- Control group +0.4% vs +0.3% expected
- Prior control group +0.0% (revised to +0.2%)
- Ex autos and gas +0.3% vs +0.3% prior (revised to +0.6%)
- Gasoline stations -1.4% m/m vs -4.2% prior
- Retail sales % y/y unadjusted for inflation +8.2% vs +9.4% prior
Last month, auto sales carried an otherwise mediocre month. This month, motor vehicles and parts fell 0.4% while other drags were furniture and appliance stores (-0.7%), electronics stores (-0.8%), and building material stores (-0.4%). Grocery stores rose 0.4% and clothing was a surprise source of strength at +0.5%.
The maraket reaction to this report has been minimal.