Details of the July 2016 US retail sales data report 12 August 2016
– 2.3% vs 2.7% prior y/y
– Ex-autos -0.3% vs 0.2% exp m/m. Prior 0.7%. Revised to 0.9%
– Ex-autos/gas -0.1% vs 0.3% exp m/m. Prior 0.7%. Revised to 0.8%
Nothing good to report, especially if you’re a central bank looking for a rate hike. Sep is going to be pushed a little further towards the edge of the desk.