US retail growth: Little reason to cheer from news like ‘Retail Sales Beating Forecasts Support U.S. Growth: Economy’
There is little reason to cheer from news like 'Retail Sales Beating Forecasts Support U.S. Growth: Economy' (From http://www.bloomberg.com/news/2012-10-15/retail-sales-in-u-s-increased-more-than-forecast-in-september.html )
The long term chart has something else to show:
Retail sales growth in developing countries is easing from high levels, even as sales levels in high-income countries stabilize after months of contraction.
After contracting during the three months ending July 2012 at a 1.7 percent annualized pace (3m/3m, saar), high-income countries retail sales showed signs of stabilizing in August. Indeed, retail sales in the United States were up 0.93 percent (m/m) for t