7/31/2023 0 Comments Serial number bounce out blitzDecember’s originally reported +0.5% has been ratcheted down to +0.2%. This Control figure reached just 0.0%, down from the +0.3% expected. These include autos, building materials, gas stations, office supplies, mobile homes and tobacco shops. ![]() Where we see some retail weakness is in the January Control number, where further volatile commercial segments are removed to give a truer read to the core Retail figures. Weaker results from Clothing/Accessories weighed on the results, likely due to warmer winter conditions nationwide last month. December’s ex-auto read also came down slightly from its initial report. Stripping out volatile month-over-month auto sales, the +0.4% is 10 basis points better than anticipated. ![]() ![]() January Retail Sales came in as expected this morning, posting a headline of +0.3% while the previous month’s revision ticked down 10 basis points.
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