Retail Sales Positive Surprise (I’ve Been Told So…)
Just for the record retail sales rose 0.3% in February (courtesy of weather adjustment; without that we would have -0.1%) . The consensus was at -0.2%, January reading at 0.5%. Autos taken out, the figure was 0.8%; the consensus was at 0%; prior reading at 0.6%. Chart 1. U.S. Retail sales