United States: American consumption at a standstill

(Boursier.com) — US retail sales for the month of September were stable, against a market consensus of +0.2% according to FactSet. Excluding automobiles, however, these same retail sales increased by 0.1% compared to the previous month, against -0.1% consensus. Finally, excluding cars and gasoline, retail sales are up 0.3%, against +0.2% consensus. For the month of August, in revised data, total retail sales had increased by 0.4% (-0.1% excluding cars, +0.6% excluding cars and petrol).

Import and export prices for September were also released today. Import prices fell by 1.2% compared to August, against -1.1% consensus. Export prices fell by 0.8% against -0.9% expected.