​US Retail Sales “Beat” Thanks To Yet Another Massive Downward Revision – Tyler Durden

US Retail Sales “Beat” Thanks To Yet Another Massive Downward Revision For once, consensus is in line with BofA’s omnipotent forecast for retails today (July data) with an expectation of a 0.4% MoM rise in nominal spending. They were both wrong… as retail sales shot up 1.0% MoM – well above the highest forecast. That is the biggest MoM rise since Jan 2023 – so to hell with your soft landing narrative, right… Source: Bloomberg Under the hood, almost everything saw spending surge (except Sporting goods and book stores) …with a giant swing in Auto sales… Source: Bloomberg According to…  — Continue at ZeroHedge News : Read More