The Retail Sales m/m report for November (includes auto sales) is being released on December 14 at 8:30 am...the consensus is 0.3%.For around 10 years, from 2002 to 2013, average monthly sales were 1.0%. For the past 4 years, average sales have been less than 0.5%.
We'll see if this lackluster trend continues into 2017...or, whether Americans will be induced to open their wallets again by the recent stock market "Trump bump" and as the Trump economic and tax agendas become clearer and take shape.
Let's see if December's report is any rosier when it's released next month (January 13th @ 8:30 am).
* UPDATE December 14th:
Actual Retail Sales m/m print for November was 0.1%...lower than forecast...watch this space...
