Retail Sales headlines, sliced and diced whichever you like, modestly beat expectations. Ex Autos & Gas, retail sales rose 0.6% against an expectation of a 0.4% rise as falling gas prices provided some support for sales. However, more troubling for the US economy is the 1.6% tumble in ‘electronics and appliances stores’ sales. The big question is “are iPhones part of the ‘electronics and appliances stores’ category?”
But Electronics tumbled…
Charts: Bloomberg
via Zero Hedge http://ift.tt/1BoeajK Tyler Durden