US: Retail Sales Bounce Back, With Autos and E-commerce Doing Most of the Heavy Lifting

Retail sales jumped up 3.8% month-on-month (m/m), well above the consensus estimate for an increase of 2.0%. December’s reading had a marginal downward revision to -2.0% m/m from -1.9% m/m reported earlier. Autos & parts dealers had a strong month, rising 5.7% m/m despite December’s downward revision to -1.6% vs. (-0.4% reported earlier). Excluding autos, […]

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