US Core Retail Sales Surge By The Most In History In September

US Core Retail Sales Surge By The Most In History In September

Tyler Durden

Fri, 10/16/2020 – 08:37

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!

Source: Bloomberg

Every segment of the market (except Electronics & Appliance Stores) saw sales increase in September…

Online Retail sales stabilized…

Now, what happens in October, as government handouts stalled.

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Author: Tyler Durden

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