UPDATE:February retail sales came in solid all around.
Headline retail sales were up 1.1%, which is exactly the number that analysts had predicted.
Excluding autos, retail sales were up 0.9%, better than the 0.7% that was expected.
And the good news is that last month’s number was revised higher, from a 0.4% headline to a 0.6% headline.
So, the consumer is alive!
ORIGINAL POST: This is a pretty big number to watch: Analysts expect a rise of 1.1% in February retail sales.
Excluding autos, sales are only expected to rise 0.7%.
And excluding autos and gas, sales are only expected to rise 0.5%.
Given all the focus on gas prices and weak end demand, this is a big number to watch.
We’ll have it here LIVE at 8:30 AM.