Retail Sales Still Sliding: 5-Month Growth Rate Drops To 3.6% Annual Rate

Including the contributions from gasoline, over the last five months (including revisions to August and more so September) total retail sales have increased by only 1.5%. That adds up to a very low 3.6% annual rate. A five-month lull reduces the chance this slowdown is the product of very short-term events like hurricanes.

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.