Big Disappointment In U.S. May Retail Sales

Retail sales fell 1.2% in May . The consensus was at 0.2%, April reading was a gain of 0.4%.  Autos taken out, the figure was  -1.1%; the consensus was at 0.1%; prior reading at 0.4%.

Big and clear disappointment and a confirmation of a major economic slowdown coming in the second half of the year.

Chart 1. U.S. Retail sales

Source: Bloomberg

This entry was posted on Friday, June 11th, 2010 at 7:01 am and is filed under U.S. Economic Data. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.

 

Get Adobe Flash player