Retail sales for October are out and show a an ongoing subdued trend (historically) in the month up 0.5% from September, against expected of 0.4%, prior was 0.2% revised up to 0.3%:
The internals a fairly even mix of flat sales with a bounce in household goods following last month’s plunge.
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This is a stronger month than the last few years of subdued growth:
There is a hint of an accelerated new trend forming in the top right.
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Against this, quarterly seasonally adjusted data for the Q3 was also released and was down 0.1% following the mid year carbon stimulus splurge:
We’re not tearing away to the mall just yet.
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