The Weekly Economic & Real Estate Forecast – 11/16/15 to 11/20/15

The Windermere Economist

What I Saw Last Week

October U.S. Retail Sales were weaker than I had anticipated and rose by a paltry 0.1%. (I had forecast a rise of 0.3%.) Core sales (which exclude car sales) were also weak and expanded by just 0.2% – I had forecast a rise of 0.4%. Results for September were also revised lower with total sales unchanged (from 0.1%) and sales excluding autos revised to -0.4% (from -0.3%).

Retail SalesThe modest increase in retail sales followed a robust 0.6% increase in aggregate earnings which I had expected would have provide greater impetus for shoppers to head out to the stores, but this was clearly not the case. What it tells me is that consumers continue to show a propensity to save money and/or pay down debt versus spending it more liberally on goods.

Consumer Sentiment in early November rose to 93.1 from a final reading of 90.0…

View original post 196 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s