Following China’s gravely disappointing retail sales growth (as shadow banking credit contracts), US retail sales growth spiked 0.8% MoM (after a revised 0.1% drop in September)
However, core retail sales rose only 0.3% MoM (below expectations).
Everything rose except furniture and home furnishings -0.3%, and food service and retail places -0.2%
Finally, the YoY growth in Control Group Retail Sales was 4.5% – the weakest since April…
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