US DATA: Dec retail sales +0.5% overall, +0.3% ex auto, and +0.6% ex ...
US DATA: Dec retail sales +0.5% overall, +0.3% ex auto, and +0.6% ex
auto and gas, all better than median ests. Nov-Oct sales also were
revised higher. Dec posted pretty broad-based gains (only electronics
stores posted -0.6% and bldg mats were flat). Autos +1.6%, furniture
+1.4%, health +1.4%, clothing +1.0%, sporting goods +0.6%. YOY sales
stand +5.2% thru Dec, a fair clip, but below the +7.9% in 2011. Core
sales were about +4.3% SAAR and sales are +3.8% overall vs Q3.
Consumption ests should be revised higher on this data, and Q4 GDP ests
edged up (Q3 PCE was merely +1.4%).
15. January 2013 19:00:04
US DATA: Dec retail sales +0.5% overall, +0.3% ex auto, and +0.6% ex
auto and gas, all better than median ests. Nov-Oct sales also were
revised higher. Dec posted pretty broad-based gains (only electronics
stores posted -0.6% and bldg mats were flat). Autos +1.6%, furniture
+1.4%, health +1.4%, clothing +1.0%, sporting goods +0.6%. YOY sales
stand +5.2% thru Dec, a fair clip, but below the +7.9% in 2011. Core
sales were about +4.3% SAAR and sales are +3.8% overall vs Q3.
Consumption ests should be revised higher on this data, and Q4 GDP ests
edged up (Q3 PCE was merely +1.4%).
15. January 2013 19:00:04