Home > GDP, Media Hype/Myths, Trade, US Economy > US Retail Sales – A New All-Time High

US Retail Sales – A New All-Time High

Some simple facts:

  • October US Retail sales rose +0.5% m/m (+7.2% y/y) vs. expected +0.3% m/m
    • Retail ex-autos rose +0.6% m/m (+7.3% y/y) vs. expected +0.2% m/m
    • Retail ex-autos & gas rose +0.7% m/m (+6.1% y/y) vs. expected +0.2% m/m

We’re way into this expansion—long enough that we’ve had a full on (and typical) mid-cycle slowdown—and real US GDP along with US retail sales are at all-time highs. The recent retail sales gains are broad-based: increased electronics store sales (+3.7% m/m), internet retail (non-store retail +1.5% m/m), sporting goods, hobby, book & music stores also posted a strong gain (+1.3% m/m). All of this led to an acceleration of core (ex-autos & gas) retail and a solid reading for headline growth following a sharp jump from an auto rebound in September.

We’re past the point where economists can easily claim the unemployment rate will “one day” sink the economy. These things are sometimes slow to move, but indications so far are that the world is moving on to new highs.

 

US Retail Sales graphic presented by Fisher Investments

US Retail Sales reach new high - graphic presented by Fisher Investments

 

 

About these ads
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 40 other followers

%d bloggers like this: