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

Tags: retail sales business inventories GDP regional manufacturing index

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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.

About Michael Lewis

Michael Lewis

Mike Lewis founded Free Market Inc. (FMI) in 1982 as a full-service economic consulting firm, providing insights and in-depth data analysis primarily for institutional money managers and corporate planning directors.

FMI has compiled a solid record of timely, independent and accurate economic forecasts.  FMI blends its unique analysis of indicators and experience with economic cycles into a consistent overall outlook. They offer both a comprehensive overview and in-depth detail that enable clients to integrate FMI’s insights into their decision-making process.

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