US Retail Sales Surge At Fastest Pace Since 2012 As Online Sales Soar

Thursday, December 14, 2017
By Paul Martin

by Tyler Durden
ZeroHedge.com
Dec 14, 2017

Despite a fourth monthly decline in real earnings, the good ol’ American consumer is doing what she does best – consume. Retail sales surged 0.8% MoM (much better than expected) and 5.8% YoY – the best since March 2012.

Data beat across the board… except motor vehicles and parts dealers – everything else is surging. However, it is worth noting the spike in gasoline station spending – which accounted for a third of the surge MoM in the headline print… not exactly a positive spending scenario.

With online sales (nonstore retailers) dominating – up 2.5% MoM (biggest since July 2015), up 10.4% YoY.

The Rest…HERE

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