Retail sales were up according to US Census headline data. Our analysis paints a softer picture of retail sales.
Analyst Opinion of Retail Sales
Things to consider when viewing this data:
The relationship between year-over-year growth in inflation adjusted retail sales and retail employment are now correlating.
Backward data revisions were mixed.
Econintersect Analysis:
U.S. Census Headlines:
Year-over-Year Change – Unadjusted Retail Sales (blue line) and Inflation Adjusted Retail Sales (red line)
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