- Prior month 1.7% revised lower to 1.6%
- Retail sales 0.5% vs 0.5% estimate
- Ex Auto 0.7% vs 0.6% estimate. Prior 1.9%
- Ex Gas and Auto 0.5% vs 0.6% last month. Prior month 0.7% revised higher from 0.6%
- Control group 0.5% versus 0.4% expected. Prior revised higher to 0.8% from 0.7%. The control group feeds into the US GDP
The data for retail sales coming off a strong month, remained strong this month. Note that the retail sales are NOT adjusted for inflation. So if prices are going higher, retail sales goes higher. We know prices are higher
US retail sales for April 0.5% vs 0.5% estimate
