Tuesday, September 15, 2009

Retail Numbers Strong.... That is if You Ignore the Massive YoY Drop

Marketwatch details:

Sales were stronger than the 2.3% expected by economists surveyed by MarketWatch, largely because of widespread sales gains outside of the gas stations and the auto lots.

Sales are down 5.3% compared with a year earlier. The figures are adjusted for seasonal differences, but not for price changes.

Stronger than expected? Yes. Strong. No.

Source: Census