Large Positive Surprise in Retail Sales Still Suggests Q3 Consumption Flat on Q2
- By Dominique Dwor-Frecaut
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- 2 minutes read
September Retail Sales (MoM) released at 0.7% against -0.2% expected, I expected -0.5%, whilst August was revised up to 0.9% from 0.7% month on month. Even excluding auto and retail, retail sales were higher than consensus expected, 0.7% released against 0.4% expected.
September Retail Sales (MoM) released at 0.7% against -0.2% expected, I expected -0.5%, whilst August was revised up to 0.9% from 0.7% month on month. Even excluding auto and retail, retail sales were higher than consensus expected, 0.7% released against 0.4% expected.
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