Retail Sales Unexpectedly Decline: Average Growth Rate For 6 Months Is 0%

Economists missed the mark on retail sales numbers. The second-quarter GDP outlook is off to a bad start.

The Advance Retail Sales numbers report for April provides further evidence that the government shutdown last year had a bigger impact than anticipated. Another possibility is seasonal adjustments gone haywire.

The shutdown started Saturday, December 22 and ended Friday, January 25, 2019, when Trump finally gave up on a wall deal, yet another negotiation error.

Retail Sales vs Expectations

(Click on image to enlarge)

​Once again, economists missed the mark badly as Econoday notes.

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