U.S. Retail Sales Rose 0.3% In January
(For January 2011)
U.S. retail sales rose 0.3% in January. The consensus was at +0.5%, December reading was at +0.3% (revised from +0.5%). On year level retail sales are up 7.4%.
Most notable gainers: gasoline stations +1.4%, food & beverage stores +1.3% m-o-m; non-store retailers +1.2%; Most notable losers: building material & garden equipment -2.9%; sporting goods, hobby, book & music stores -1.3%.
Autos taken out, the figure was also an increase of 0.3% vs. consensus of also 0.5%. Prior reading was revised to +0.3% (down 0.2%). On year level retail sales less autos are up 6.0%.
Autos and gas station taken out, the retail sales rose 0.2% vs. consensus of 0.4% growth. Prior reading was at +0.1% (revised down 0.3%). On year level retail sales less autos and gas stations are up 5.3%.
