US Core Retail Sales Surge By The Most In History In September
Tyler Durden
Fri, 10/16/2020 – 08:37
After two straight months of disappointments, September retail sales beat majestically, rising 1.9% MoM against expectations of a 0.8% rise (the fastest pace in three months).
This surprise sent YoY retail sales soaring with the headline up 5.4% and core retail sales up a stunning 9.1% YoY – the greatest rise ever!
Source: Bloomberg
Every segment of the market (except Electronics & Appliance Stores) saw sales increase in September…
Online Retail sales stabilized…
Now, what happens in October, as government handouts stalled.
via ZeroHedge News https://ift.tt/3dzi4MT Tyler Durden