Weak US consumer sentiment bypassed in latest retail sales report

16 November 2021

 

Summary:  US retail sales up by 1.7% in October, greater than 1.1% expected; weak consumer confidence not translated into spending; “broad strength” amongst “core” retail categories, implies solid pre-Christmas period; rises in all retail categories except two; “Non-store” segment” the largest single influence, rises 4.0%. US retail sales had been trending up since late 2015 but, commencing in late 2018, a series of weak or negative monthly results led to...

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