- Prior +0.2%; revised to +0.1%
- Retail sales +3.6% vs +4.2% y/y expected
- Prior +0.5%; revised to 0.0%
- Retail sales ex autos, fuel -0.6% vs +0.1% m/m expected
- Prior +0.3%; revised to +0.1%
- Retail sales ex autos, fuel +2.9% vs +3.6% y/y expected
- Prior +0.1%; revised to -0.5%
Ouch. And to think that the November report didn’t capture the full extent of Black Friday sales and yet the December reading was an even softer one. When taking the level of retail sales we’re seeing, volumes are still down by 2.5% compared to February 2020 i.e. before the Covid pandemic struck.
This article was written by Justin Low at www.forexlive.com.
