Danske bank skriver i en Flash Comment:
That the US is in the phase of slowing growth was evident again today with the release of retail sales for September. Core retail sales (control group) fell 0.2% m/m, much weaker than consensus at +0.4% m/m. Headline sales fell 0.3% m/m (consensus 0.1% m/m). After a period of very strong retail sales, we now see moderation. This is a quite normal pattern in the US as can be seen in the charts below. However, it creates fears that the US is slowing more than expected and that the US is ‘falling down’ to the rest of the world rather than the rest of the world catching up with the US. As the US has been seen as the last pillar of strength in the global economy it adds to concerns over the global economy.
