On Retail Sales

Retail Sales excluding autos up 1.2%, mostly driven by two things: Electronics & appliance sales and Gas stations.

Two things that stand out to me as drivers: prices for oil & nat. gas have been grinding higher, while the electronics space has probably been seeing upticks in volumes because of price reductions and the start of the holiday shopping season.

But there’s a new store sample being used this month, so I’m a little leery of comparisons month over month or year over year without knowing two things: sample composition of the two (how similar or different) samples and whether or not there’s any restatement done to historic data.

And the Census Bureau doesn’t tell you.

Transparent, much?


Leave a comment

Filed under government, macro

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s