U.S. retail sales came in weaker for December, at -0.3% MoM versus the +0.5% consensus estimate; excluding autos and gas, retail sales came in at -0.2% instead of +0.3%, as was widely expected; so across the board, a very soft print. Cushioning the blow was the upward revision to November, to +1.8% MoM on the headline from +1.3%; and +1.0% on the ex-autos/gas segment from +0.6% initially.
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Friday, January 15, 2010
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