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Jan retail sales above expected, +0.2% vs...>

US DATA
US DATA: Jan retail sales above expected, +0.2% vs flat BBG and -0.1% MNI 
survey, but Dec rev down to -1.6% (prev -1.2%). 
- Sales ex-mtr veh strong rebound +0.9% vs +0.3% BBG and +0.2% MNI, but 
Dec now -2.1% (prev -1.8%).
- Jan sales ex. mtr veh and gas +1.2%, control group +1.1%, but downward 
rev to Nov and Dec negatives for Q4 PCE revision.
- Vehicle sales -2.4%, gas station sales -2.0%, ex. only gas +0.4%. 
- Soft start to Q1 as Jan retail sales -3.4% SAAR vs the Q4 avg. Ex. MV, 
sales -2.1% SAAR; ex. autos, bldg mat, gas, food services -0.9% SAAR.

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