Why The V-Shaped Recovery In Retail Is Even More Impressive Than You realise

Yesterday we mentioned how retail sales were showing a clear v-shaped recovery.

But it’s actually more impressive than you realise. Stripping out gas — which was near $150/barrel during the last peak — retail sales are actually higher than they were. And that’s with still a major slowdown in car sales since the peak.

These two charts from Mike O’Rourke at BTIG tell the story:


NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.

Tagged In

moneygame-us retail