RETAIL SALES GROWTH ACCELERATES AS CORE RETAIL SALES DOUBLE EXPECTATIONS - BIG UPWARD REVISIONS
Dec 12, 2013, 19:00 IST
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Total retail sales were up 0.7%, ahead of Wall Street's consensus estimate of 0.6% growth. October sales growth was revised up to 0.6% from 0.4%.
Excluding sales of autos, retail sales were up 0.4% - better than the 0.2% consensus estimate. October ex-autos sales growth was revised up to 0.5% from 0.2%.
Excluding sales of both autos and gas, retail sales were up 0.6%, ahead of the 0.3% consensus estimate. October ex-autos-and-gas sales growth was revised up to 0.6% from 0.3%.
Finally, the retail sales control group - a figure that feeds into GDP calculations - advanced 0.5%, better than the 0.3% estimate. October control group growth was revised up to 0.7% from 0.4%.
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