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Big Beat On Retail Sales, Slightly More Mixed On Internals

US DATA

A big beat on January retail sales, even considering downward revisions to Dec - control group stands out at 4.8% M/M vs 1.3% expected.

  • Actually a fairly mixed performance on the internals, with a few categories contracting M/M (incl health+personal care/gasoline/sporting goods/misc stores/food services), but more than offset by very strong numbers from nonstore retailers, dept stores, furniture, and building supplies.
Table here:

Source: Census Bureau

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