Core Retail Sales Growth Weakest In Almost 3 Years As Trump Animal Spirits Fade

Tyler Durden's picture

Yesterday's confidence data showed a retracement in the 'Trump Bump' and now, just as BofA had predicted, US Retail Sales disappointed across the board in December. The Control Group rose just 0.2% MoM (missing expectations of a 0.4% rise) but it was Ex-Auto-and-Gas that missed the most (unchanged in December against expectations of a 0.4% surge) that was most worrisome as it appears Americans bought cars and not much else.

Earlier this week Bank of America warned that December retail sales could come in weaker than expected, when it looked at its internal credit and debt card spending data and found a 1.0% drop. Moments ago the official data released from the Dept of Commerce confirmed that once again BofA was right, when it announced that in December, US retail spending rose 0.6%, below the expected 0.7%, however much of this was thanks to spending on cars and gas. If one excludes autos, the rise was only 0.2%, below the 0.5% expected, and if one also excludes gas, there was no increase in spending in December whatsoever.

In fact this is the weakest year-over-year retail sales since Feb 2014...

Full Breakdown... Only gasoline and Auto sales rose notably...

This disappinting data should not be a total surprise.


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MFL5591's picture

All Trump?  Nothing to do with 8 years of free money from the Crime syndication to prop up their puppet? 

VinceFostersGhost's picture



It's Obamacare fine one has any money.


Come see us in July...

angry_dad's picture
angry_dad (not verified) Jan 13, 2017 8:46 AM

For the 8th year in a row, the holiday retail sales volume has dropped to a new record low thanks to worthless obama's bungling of the economy, skyrocketing unemployment, and unmanageable debt.

If you think the current reports are depressing, wait another month for the inevitable "downward revision" to complelety reveal the collapse of retail.

groaner's picture
groaner (not verified) Jan 13, 2017 8:46 AM

They are not dissapointing to the Jew Globilists who want to destroy every aspect of society, economy, morals, spiritually..

ejmoosa's picture

And the reality of the situation continues to creep back into view.

The eight year free money hangover will begin shortly.  And it will be a doozy.

Bill of Rights's picture

Retail sales miss and all the outlets are saying RISE, what a joke. Control Group is the real news ...big miss

King Tut's picture
King Tut (not verified) Bill of Rights Jan 13, 2017 8:56 AM

The Orange Messiah will Tweet us to prosperity 

NoWayJose's picture

It's the 48% that voted for Hillary who keep protesting and boycotting retailers!

ejmoosa's picture

I'm still overtaxed, I still want a smaller government, and I still know the only way to ever get that is to reduce the tax flows to the beast of government.

And so I shall continue to curtail my buying worthless crap and continue stacking precious metals...


King Tut's picture
King Tut (not verified) ejmoosa Jan 13, 2017 9:09 AM

Don't worry,  the dirty bastards will keep raising your property taxes to make up for a lack of sales tax revenue

King Tut's picture
King Tut (not verified) Jan 13, 2017 8:55 AM

Check out that wedge pattern 

jamesmmu's picture

DOW still fighting for some gains, I'm speechless.

Osmium's picture

Mr. Yellen has deep pockets

two hoots's picture

And when none of this can be repaid?   Maybe that is what they are counting on?  Student loans, housing, auto debt is no longer an individual problem but all our problem.

ejmoosa's picture

How can it be repaid?  Money used to repay MUST come out of increased earnings or profits.  All the dollars today are more or less spoken for.  So we are in a period of substitution and debt expansion.

We do not buy X(retail sales falle) because we have to buy Y(medical insurance).

THe euphoria on the rise has been ecclipsing the fall because of the media hype.  But it is a zero sum game.


I am Jobe's picture

CES show in Vegas said everything was awesome. You mean to tell me sheeples not buying more crap from Dell, HPE, Lenovo, ASUS, AMZN? 

hotrod's picture

Mall traffic was light and store inventory was heavy from what I could see in December.  I was in major department stores in Georgia 2nd Saturday in December and ladies around me were remarking that they thought it would be more crowded.  I have never so much inventory especially in the clothing stores.

Osmium's picture

Shovel ready jobs.  Now they have more space to build section 8 housing.

Stormtrooper's picture

Need more un-Constitutional laws REQUIRING the sheep to purchase goods (on credit) to slow the coming collapse.  OK with me as long as I get credit for new guns, ammo and gold purchases. 

dobermangang's picture

The  masses just don't have money.  I went to the bank last week to deposit some cash into my checking account.  I overheard 2 bank tellers talking about their financial problems.  Both were males in their mid 20's.  The 1 guy was sounding really, really down.  He was complaining about all his bills and how broke he was.  He was ranting about car payments and car insurance bills and that his rent was due and how high his health insurance went up and he was behind on his student loan debt.  He said his social life sucked because he was in so much debt and flat broke.  And this guy has a job!  He's actually working.  I wonder how the 95 million people out of the work force are doing?  I joked in my mind that I better leave the bank before I get robbed by the tellers.  We live in interesting times.  

wholy1's picture

Does "core retail" include guns, coinage with INTRINSIC value, rural arable dirt and other prepper items?

Squidbilly's picture
Squidbilly (not verified) Jan 13, 2017 9:06 AM


Forced Fed Said's picture

How do you say "tapped out Joe Consumer"? Start with average high interest credit card debt of 16,000, 50% of Americans earning less that 30,000 and 1.3 trillion of student loan debt. Then throw in some inflation which lowers real incomes and you have a recipe for poor retail sales.  I am shocked that anyone is shocked...

DingleBarryObummer's picture

Were the autos sold on credit that will most likely not be able to be paid back?

Snaffew's picture

nope...everyone paid cash for those vehicles.

overmedicatedundersexed's picture

don't worry, Trump has at least 8 yrs of blaming it on Obuma, cause that's presidental precedent sent in stone by Obuma's" it's all bush's fault.."  good for goose good for the gander?

DEMIZEN's picture

there is really not much to buy outhere except the same old that everybody has already. Id buy a drone if i can send it to get me a pizza or groceries, but is not allowed.

Silver Savior's picture

I like to buy up all the cheap silver its the only thing I am buying.

Snaffew's picture

no problem!  Let's just continue to bid up stawkks into never never land where grown menipulatars can play with children on the wild teabag party ride!  Is that John Podesta spinning about in a teacup with a cubscout in a speedo?  Yup---Cheers!

rejected's picture

Everywhere you go,,, same ole Chinese junk.  Sears, Kmart, Walmart, Dicks, Best Buy, Fam-Dollay, Gen-Dollar, Harbor Freight, J.C. Buck (Penney),,, same, same. Some little 20x20 seasonal area where the junk is displayed, otherwise you couldn't tell it was the holiday season. The wife might buy some replacement Krismas tree bulbs which seldom make the 3 weeks we have the tree up. Cars?? Too expensive to buy,,, too expensive to operate,,, too expensive for the 'fees' to put it on the road.Don't buy furniture as most is made in USA..... by prisons,,, specially in Floriduh. We have some extra money but why spend it on trash that won't make a year or require replacement in 2-3 years because "technology has passed them up" ???

Living back in the 50's, 60's, 70's and 80's I remember when Christmas shopping was fun before it became politically incorrect, even to "Christians". Some people call this 'progress'.

shimmy's picture

Trump told me everything was awesome since he got elected so this must be fake news. Trump never tries to take credit or embellish things whenever it suits him. Case in point: him still acting like he won the election in a landslide when it was one of the 15 lowest wins on a percentage basis of electoral votes.

StreetObserver's picture

Obama and Hillary claimed the recoverty was great. Trump said things were dismal. Stocks surged optimistically after Trump was elected.

Retail will explode in February when all of  us who are refusing to spend in the Obama administration go hog wild. Supplies running down, holding off on any discretionary purchases, cash only, even walking into gas stations to pay cash so it doesn't show up on credit cards--until next month, then everything, except small business purchases, goes on the cards.

Trump won the electorial college handily. Trump also won the majority of American's votes if you discount the many millions of illegals who were automatically registered to vote through Obama's motor voter laws in states that go out of their way to give drivers licenses to illegals.

Get over it loser. Keep talking, the more you whiners say, the more likely Trump will be reelected in four years. Make sure and put the most dykey, loathsome, blabbermouth feminists up there screeching about his hair or something relevant like that.

Silver Savior's picture

Ya can't really expect retail sales to go up in terms of units bought because prices are going up on retail items and the consumer has in general a lot less to spend because his/her bills keep going up and pay raises are still pretty much non existent and hours are getting slashed. 

So to the retail elite of the world: Screw you!