Retail Sales Growth Tumbles To 6 Month Lows, Stuck In Recession Territory
by Tyler Durden
ZeroHedge.com
Sep 15, 2016
Having warned that retail sales could be weak (based on BofA’s credit card data), year-over-year growth in retail sales rose just 1.9% (its weakest since March’s plunge) and worryingly in historical recession territory. MoM data was disappointing across the entire spectrum with actual contractions versus expectations of gains (Core -0.1% vs +0.3% exp, and Control -0.1% vs +0.4% exp). This is not what Janet wanted… (or maybe it is)
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