Sunday, October 16, 2011

Conspicuous Correlation: Retail Sales September 2011

"Today, the U.S. Census Bureau released its latest nominal read of retail sales showing a notable 1.1% increase from August and climbing 7.9% on a year-over-year basis on an aggregate of all items including food, fuel and healthcare services.

Nominal "discretionary" retail sales including home furnishings, home garden and building materials, consumer electronics and department store sales increased 0.36% from August and increased 3.54% above the level seen in September 2010 while, adjusting for inflation, “real” discretionary retail sales declined 0.33% over the same period..."

at  http://paper-money.blogspot.com/2011/10/conspicuous-correlation-retail-sales.html