Retail sales were up according to US Census headline data. The unadjusted rolling averages rate of growth also improved.
Analyst Opinion of Retail Sales
Even though there is seen a significant improvement – it was a weak bounce back from the previous month’s solf reports.
Things to consider when viewing this data:
The relationship between year-over-year growth in inflation adjusted retail sales and retail employment do not correlate.
Backward data revisions were upward.
U.S. Census Headlines: