US: Retail sales volatile owing to weather - Westpac

Analysts at Westpac note that US retail sales were heavily affected by the weather and particularly notable was the surge in auto sales in September as written-off vehicles were replaced.

Key Quotes

“In October, demand for new vehicles remained strong, but some of this transitory demand will fall away in November, resulting in a subdued gain for headline sales of 0.3%. Core retail sales are likely to print at a similar level.”