Relevant:
- Core Retail Sales Growth Weakest In Almost 3 Years (CONTRADICTING NRF'S RAH-RAH REPORT)
- Retail Sales: Census Bureau Data May Be Mostly A Fairy-Tale
- Real Retail Sales Per Capita: Another Perspective on the Economy - Doug Short
- New home sales at record lows
- January "Strong" Retail Sales Was On The Back of 2x Seasonal Adjustment Fudge Factor
2013-01-21 — wallstreetexaminer.com
Retail Sales rose by 0.5% in December (month to month) and were up 4.7% annually, according to the Commerce Department's December Advance Retail Sales Report released last week. Those are seasonally adjusted idealized estimates. Neither figure is adjusted for inflation. The median forecast of economists was for a monthly increase of 0.2%. This continues the pattern of several months where economic data was better than expected. However, beneath the surface, the actual, unmanipulated data told a far different story.
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