US Retail Sales Tumble Most Since January, Signal Sustained Recessionary Environment
by Tyler Durden
ZeroHedge.com
10/14/2015
Retail Sales (ex Auts) dropped 0.3% in September, the 2nd drop in a row, the biggest drop since January (at the heart of the weather-driven economic weakness). For the first time since February, the ‘Control Group’ Retail Sales dropped (down 0.1% vs +0.3% expectations) as sales dropped in 7 of 13 categories (but notably autos rose significantly but was offset by a collapse in gas station spending). Notably 27 out of 27 ‘experts’ agreed that the control group sales data woul dnot be negative.. wrong! Year-over-year data shows sustained stagnant growth in retail sales historically aligned with a recessionary environment.
The Rest…HERE
