This First Of The Big Four – Retail Sales – Paints A Very Nervous PictureHarrison Roger
Month over Month Retail Sales
Retail Sales jumped 0.9% in March, a welcomed return to positive growth after 3 consecutive months of decline.
In December, we saw a decline of 0.9%. In January, a decline of 0.8%. In February a decline of 0.5%.
Overall, the 0.9% jump was the best month-over-month (M/M) Retail Sales figure since March 2014.
Year over Year Retail Sales
Interestingly, the 0.9% M/M growth masked further deceleration on a Y/Y . . .
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