US Economics

US Data Response

13 April, 2016

Retail Sales (Mar.)

The 0.3% m/m decline in retail sales was slightly weaker than consensus expectations and was mainly due to a 2.1% m/m decline in auto sales. More importantly, while the 0.1% m/m increase in control group sales was on the weak side in March, upward revisions to prior months mean that the balance of risks to our estimate that first-quarter real GDP growth was 1% annualised are now tilted slightly to the upside.


Access this publication and more, take our free trial subscription today.

Free Trial

Already a subscriber? Simply log in to view this article.

Save to Library

New Book

Making a Success of Brexit
and Reforming the EU

by Roger Bootle

"Outstanding - engaging - absorbing"
Daily Telegraph

Buy now on Amazon
We use cookies to ensure you get the best experience on our website. Read our Cookie Policy for more information.