The Problem With That "Strong" Retail Sales Number

Headline retail sales growth of 1.2% was well ahead of expectations, but the market isn’t wildly jazzed on the news.

The problem is that so much of it came from autos, and ex-autos was not so hot.

Here’s a look from the Census Department. Note that the ex-auto number (the blank rectangle) shows lower growth than both in September and August.


As for some specific areas, some key things like furniture and electronics were slightly down from last year.

Get the whole data here.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at