Flaming Hot Retail Sales May Rekindle Overheat Worries

Flaming Hot Retail Sales May Rekindle Overheat Worries

Retail sales in the US were sharply higher in January, closely-watched data out Wednesday showed. The headline print, a 5.3% gain, was well ahead of even the most optimistic guess from more than five-dozen economists. The range was 0% to 4.1%. January's headline counts among the five largest monthly gains in history. Two of the other top five came last year as the economy emerged from the initial lockdowns. This comes as a relief. Retail sales disappointed in December and a downward revision
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3 thoughts on “Flaming Hot Retail Sales May Rekindle Overheat Worries

  1. Online is 11% of retail sales, expected to grow to 15% share in 2021, so it is a fast growing but small share. This retail sales number seems incongruous with the Redbook y/y which is plunging. Not sure what to make of this connundrum

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