Fra Zerohedge:
After December’s narrative-destroying-“outlier” collapse in retail sales, January saw a modest rebound (+0.2% MoM) but against a downwardly revised December (from -1.2% to -1.6% MoM).
Under the headline data, things improved more with core retail sales up 1.2% MoM in Januray (but again with a dramatic downward revision in Dec).
The Control Group – which fits into the GDP data – rebounded +1.1% MoM but saw a huge downward revision in December to -2.3% MoM…the weakest since Jan 2000! But rebounded most since Feb 2014…
Non-store retail sales soared in January…
Sporting Goods and building materials rose by the most…
- Sporting goods, hobby, musical and book stores: +4.8%
- Building material and garden equipment: +3.3%
- Food and beverage stores 1.1%
- Health and personal care stores: 1.6%
- General Merchandise stores: 0.8%
- Miscellaneous store retailers: 0.1%
- Nonstore (Online) retailers: 2.6%
- Food service and drinking places: 0.7%
But not everything was rosy with drops in the following sectors:
- Motor Vehicles and parts dealers -2.4%
- Furniture and home furnishings -1.2%
- Electronics and appliance stores -0.3%
- Clothing and accessories stores -1.3%
- Gasoline Stations -2.0%
But the headline point is that the last two months have seen the biggest decline since March 2009…
