Reply To: Traders Market Weekly: Expect the Unexpected

#45643
Truman
Participant

Total retail sales were unchanged month-over-month in September (consensus +0.2%) following an upwardly revised 0.4% increase (from 0.3%) in August. Excluding autos, retail sales were up 0.1% month-over-month (consensus 0.0%) following an upwardly revised 0.1% decline (from -0.3%) in August.

The key takeaway from the report is that it is not adjusted for inflation, so the lackluster numbers for September suggest consumers were pulling back on spending activity in the face of high inflation.