Data Round-Up: Retail Sales Point to +2.75% Real Consumption Gain in 18Q4
posted by Michael Lewis on November 15, 2018
Found in US, categorized in Growth Outlook and Business Cycle
While the +0.8% headline increase in October retail sales was exaggerated by special factors (and undercut by downward revisions), real consumption appears on track for a solid +2.75% annualized gain in 18Q4.
FMI’s analyses of this morning’s mass of data including: October Retail Sales, September Business Inventories, plus an updated look at 18Q3 GDP Data Revisions to Date, November Philadelphia Fed and NY Fed Empire regional manufacturing indices, October Import Export Prices, plus U.S. Dollar Analysis and Weekly Initial UI Claims & Rail Traffic.