Storm-Impacted Retail Sales Disappoint Despite Biggest Spike Since March 2015

Jon Alternative Media, Blogosphere, Economy

Following August’s slump (worst since Jan ’16), September’s retail sales data was expected to surge 1.7% MoM (thanks in large part to the spike in auto sales) but it disappointed with a 1.6% spike (still the most since March 2015).
U. S. retail sales jumped last month by the most in more than two years as motor vehicles lost to hurricanes were quickly replaced and higher prices lifted receipts at gasoline stations, Commerce Department figures showed Friday.

This post was published at Zero Hedge on Oct 13, 2017.