After two straight months of disappointments, September retail sales beat majestically, rising 1.9% MoM against expectations of a 0.8% rise (the fastest pace in three months).
This surprise sent YoY retail sales soaring with the headline up 5.4% and core retail sales up a stunning 9.1% YoY - the greatest rise ever!
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Source: Bloomberg
Every segment of the market (except Electronics & Appliance Stores) saw sales increase in September...
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Online Retail sales stabilized...
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Now, what happens in October, as government handouts stalled.
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