U.S. Retail Sales Rose 1.2% In October
(For October 2010)
U.S. retail sales rose 1.2% in October. The consensus was at 0.7%, September reading (revised up 0.1%) was at +0.7%. On year level retail sales are up 7.1%. Gains concentrated in auto sales; not reassuring report.
Chart 1. U.S. Retail Sales
Most notable gainers: Motor vehicle & parts dealers +5.0% m-o-m; building material & garden equipment +1.9%; Most notable losers: furniture & home furniture stores -0.7%; electronics & appliance stores -0.7%.
Chart 2. U.S. Retail Sales -Sectors
Autos taken out, the figure was an increase of 0.4% vs. consensus of 0.4%. Prior reading was revised to +0.3% (up 0.1%).
Chart 3. U.S. Retail Sales Less Autos
Autos and gas station taken out, the retail sales rose 0.4% vs. consensus of 0.2% growth. Prior reading was at +0.4%.
Chart 4. U.S. Retail Sales Less Autos and Gas Stations
