U.S. Retail Sales Rose 0.8% In November
(For November 2010)
U.S. retail sales rose 0.8% in November. The consensus was at 0.6%, October reading (revised up 0.5%) was at +1.7%. On year level retail sales are up 7.0%.
Chart 1. U.S. Retail Sales
Most notable gainers: gasoline stations +4.0% m-o-m; clothing & clothing accessories +2.7%; Most notable losers: electronics & appliance stores -6.0%; miscellaneous store retailers -0.7%.
Chart 2. U.S. Retail Sales – Sectors
Autos taken out, the figure was an increase of 1.2% vs. consensus of 0.6%. Prior reading was revised to +0.8% (up 0.4%).
Chart 3. U.S. Retail Sales Less Autos
Autos and gas station taken out, the retail sales rose 0.8% vs. consensus of 0.6% growth. Prior reading was at +0.8%.
Chart 4. U.S. Retail Sales Less Autos and Gas Stations
When you get under the hood, the picture is not as nice as on first sight. Large negative surprise in electronics & appliance stores.