CD Media
Markets

Retail Sales Blow Away Numbers For Sep, Industrial Production Not So Much…Consumer Optimistic

Image by Hein.Mück

Core retail sales rose the greatest amount ever in the previous month as reported this morning. The development most likely energized by government handouts. Markets are in the green on the news.

Industrial Production missed but Consumer Sentiment continued to rise. Overall, a mixed bag of data as the economy works to recover.

Additionally, Boeing received the ok from European regulators to resume flying the 737 MAX, it’s former best-seller. The next catalyst for the stock could be an approval for a Chinese coronavirus vaccine in the U.S. in November.

Retail Sales ex-Autos (MoM) (Sep) printed at 1.5% vs 0.5% consensus estimate.

Retail Sales Control Group (Sep) printed at 1.4% vs 0.2% estimate.

Retail Sales (MoM) (Sep) printed at 1.9% vs 0.7% estimate.

Industrial Production (MoM) (Sep) printed at -0.6 vs 0.5 estimate.

Capacity Utilization (Sep) printed at 71.5% vs 71.9% estimate.

Michigan Consumer Sentiment Index (Oct) PREL printed at 81.2 vs 80.5 estimate.

Business Inventories (Aug) printed at 0.1% vs 0.4% estimate.

Related posts

Producer Price Inflation Year Over Year Highest Ever On Record

CD Media Staff

How the Fed Helped Create Another Calamity: The Ongoing Emerging Market Debt Crisis

CD Media Staff

BLS Job Revisions Show Every Job Report In 2021 Was Total Garbage

CD Media Staff

Leave a Comment

Subscribe to our evening newsletter to stay informed during these challenging times!!

Clicky