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May Retail Sales: -0.2% vs. -0.2% expected, -0.2% prior (revised from +0.1%). Ex-autos -0.4% vs....

May Retail Sales: -0.2% vs. -0.2% expected, -0.2% prior (revised from +0.1%). Ex-autos -0.4% vs. 0.0% exepcted.
Comments (14)
  • bbro
    , contributor
    Comments (9732) | Send Message
     
    Retail Sales ex Gasoline up 5.9% year over year...no recession in these numbers...
    13 Jun 2012, 08:38 AM Reply Like
  • GaltMachine
    , contributor
    Comments (1140) | Send Message
     
    bbro,

     

    When was the last time we had 2 months in a row of negative month over month retail sales numbers?

     

    Isn't this a worrying trend?
    13 Jun 2012, 09:04 AM Reply Like
  • jwbrewer
    , contributor
    Comments (317) | Send Message
     
    Thanks Bbro. The private sector, as confirmed by this report, is doing just fine (sarcasm).
    13 Jun 2012, 09:32 AM Reply Like
  • OptionManiac
    , contributor
    Comments (3337) | Send Message
     
    No, take out gas sales and retail numbers are up. Too many around here kept blaming earlier rises on the price of gas, well, we can blame lower gas prices for the apparent lower retail sales.
    13 Jun 2012, 09:34 AM Reply Like
  • bbro
    , contributor
    Comments (9732) | Send Message
     
    Retail Sales ex Gasoline is subject to a lot changes that is why I look at year
    over year numbers..as a marker recessions are about to start if the
    year over year number breaks 2.5% on the downside....

     

    13 Jun 2012, 10:34 AM Reply Like
  • bbro
    , contributor
    Comments (9732) | Send Message
     
    I assume you are making a political comment...remember the
    Business Cycle rules despite who is in power...
    13 Jun 2012, 10:35 AM Reply Like
  • OptionManiac
    , contributor
    Comments (3337) | Send Message
     
    If you look at private business profits, yes that sector is doing quite well.
    13 Jun 2012, 10:51 AM Reply Like
  • jwbrewer
    , contributor
    Comments (317) | Send Message
     
    Not sure about 2qtr profits..yet, but 1st qtr nonfinancial firm profits was up 6bln down from an increase of ~25bln in 4qtr with much of it overseas.
    13 Jun 2012, 12:37 PM Reply Like
  • jwbrewer
    , contributor
    Comments (317) | Send Message
     
    Is this Ex-trans retail sales w/ ex gasoline? If not, I am surprised at you bbro.
    13 Jun 2012, 12:39 PM Reply Like
  • bbro
    , contributor
    Comments (9732) | Send Message
     
    Huh???
    13 Jun 2012, 01:07 PM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    Looks like Kool-Aid sales were up....
    13 Jun 2012, 01:51 PM Reply Like
  • JLouise
    , contributor
    Comments (16) | Send Message
     
    As someone who works in retail, I see a gradual slide in sales occuring. The consumer base is shrinking with Boomers' spending dropping and Gen X is approx 30 mil smaller, with less cash and credit than the boomers had. Canadians used to buy a lot at my store, but fewer of them are coming. Domestic travelers, who we also rely on heavily, are buying less.
    13 Jun 2012, 12:25 PM Reply Like
  • WMARKW
    , contributor
    Comments (10393) | Send Message
     
    Median family income was $49,600 in 2007. By 2010 it was $45,800 – a drop of 7.7%. So how do we have falling median family incomes and increases in Retail Sales. That must mean prices are going up despite incomes going down.....but then supposedly there is little nominal CPI increase. What gives?

     

    For those whose incomes are going down and prices going up....I suspect they feel like they are in a recession.
    13 Jun 2012, 01:04 PM Reply Like
  • OptionManiac
    , contributor
    Comments (3337) | Send Message
     
    While the top wage earners see their income growing. We are becoming a nation of serfs.
    13 Jun 2012, 01:12 PM Reply Like
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