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Friday, September 15, 2017

US August advance retail sales -0.2% vs +0.1% expected

  • Prior +0.6% (revised to +0.3%)
  • Ex-autos +0.2% vs 0.5% exp m/m. 
  • Prior ex-autos +0.5%
  • Ex-autos & gas -0.1% vs +0.3% exp m/m. 
  • Prior ex-autos & gas +0.5%
  • Retail sales control group -0.2% (-0.166% unrounded) vs +0.2% exp
  • Prior control group +0.6%
  • Full report (pdf)
The hurricane could have been the culprit for the soft August numbers but storms certainly were the cause of the negative revision to July data.
Selected highlights:
  • Vehicles and parts -1.6%
  • Building materials -0.5%
  • Food and beverage +0.3%
  • Electronics stores -0.7%
  • Gasoline stations +2.5%
  • Non-store retailers (this is online sales) -1.1%
The online sales are an eyebrow raiser given the momentum of Amazon. They're still up 8% year-over-year but this might have been a hangover from Prime Day, which took place July 11.

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