Economic Charts

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Tuesday, February 15, 2011

Monthly Retail Sales

January Retail/Core-Retail sales numbers were out today with disappointing results.  Retail sales measures change in the total value of sales at the retail level.  Core retail sales is retails sales excluding autos.  Retail sales is a primary gauge of consumer spending.  The forecast for retail sales called for a number of 0.5% and the actual headline number was 0.3%.  The forecast for core retail sales called for a number of 0.6% and the actual headline number came in at 0.3%.  Both numbers disappointed forecasts and main media reported this resulted in a sell off in the market, personally speaking the market moved sideways to slightly down in response to these numbers.  The following categories were down this month from December 2010; Furniture & home furnishings, Building Material & Garden & supplier dealers, Clothing & clothing accessories stores, Sporting goods, hobby, book & music stores, Food services & drinking places.

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