Pantheon Macroeconomics - You might remember that the December retail sales report surprised significantly to the downside, thanks to the impact of falling gasoline prices. The data are reported in nominal dollars, not volumes, so falling prices depress the numbers.

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12 Feb. 2015 Downside Risk to January Retail Sales, Due to Gas and the Core

By Ian Shepherdson

You might remember that the December retail sales report surprised significantly to the downside, thanks to the impact of falling gasoline prices. The data are reported in nominal dollars, not volumes, so falling prices depress the numbers.

Posted: 12th Feb 2015 in 'U.S. Documents'

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