#retailsales – Econophysics2020

Retail Retreat

Down 1.1% MoM (far worse than the 0.3% drop expected) and October’s 0.3% MoM rise was revised drastically to a 0.1% MoM drop. Lockdown smackdown – electronics, clothing, clothing and gasoline. Even Amazon got smacked around. https://www.zerohedge.com/personal-finance/us-retail-sales-disappoint-tumble-most-april

Canary in the Mine: Car Wreck Portends November Retail Crash

November dive followed by a return to the rolling-over trend. Christophe Barraud: confirms my view that, at best, 4Q GDP growth will slow dramatically compared to 3Q while another GDP contraction still looks possible at this stage. The fact is the rapid spread of Covid-19 will force more states to implement restrictive measures before quarter-end.Continue reading “Canary in the Mine: Car Wreck Portends November Retail Crash”

Retail Results

October retail is for the sixth month in a row, but just barely. Retail sales up a seasonally adjusted 0.3% MoM v.0.5% expectations, and short the 1.6% gain in September. The losers include grocery-store sales (down 0.4%), bar and restaurant receipts (down 0.1%), and both sporting goods and clothing sales (down 4.2%). MoM winners include non-store retailersContinue reading “Retail Results”