Big Disappointment In U.S. May Retail Sales

Retail sales fell 1.2% in May . The consensus was at 0.2%, April reading was a gain of 0.4%.  Autos taken out, the figure was  -1.1%; the consensus was at 0.1%; prior reading at 0.4%.

Big and clear disappointment and a confirmation of a major economic slowdown coming in the second half of the year.

Chart 1. U.S. Retail sales

Source: Bloomberg

This entry was posted on Friday, June 11th, 2010 at 7:01 am and is filed under U.S. Economic Data. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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