Retail Sales Decline For Second Straight Month As Real Earnings Stagnate

Tyler Durden's picture

For the second month in a row, retail sales declined in March as 'hard' data fails to live up to 'soft' data's hype. This is the biggest 2-month tumble in retail sales in over 2 years.

 

 

The full breakdown shows the biggest declines in building materials and motor vehicles.

 

 

This drop in sales should not be total surprise as real average weekly earnings has now failed to rise for 3 straight months.

 

Two more 'hard' data series to add to the list that dismiss the hope embedded in all the soft survey data... but we are sure stocks know better.

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LawsofPhysics's picture

Buy the miltary contractors before it's too late.  Retail?  LOL!  Plastic crap from China? Who needs it, fuck em.

silly goy.

JRobby's picture

Auto & Retail crashing. But everything's great! Phone ringing off the hook - APP SALESMEN promising incredible profit gains in a decreasing demand market! "Because The App Is Just That Fucking Good !!!!

Stuck on Zero's picture

Sales of Depends are way up.

GUS100CORRINA's picture

Title: Retail Sales Decline For Second Straight Month As Real Earnings Stagnate

My response: Nothing new to see in this article. It's the economy stupid! Consumer confidence is a MADE UP NUMBER to create the desired narative. Figures LIE and LIARS can figure.

Below is the REAL DATA from a TRUSTED SOURCE (SHADOWSTATS.COM)

====================

No. 879: March Employment and Unemployment, Help-Wanted Advertising, Money Supply M3

April 7th, 2017

• FOMC-Rattling ‘Substantially Adverse Economic Circumstances’ Loom

• March 2017 Real-World Employment Prospects Continued to Plunge at an Annual Pace of Decline Not Seen Since the Depths of the Economic Collapse

• Soft Payroll Jobs Gain of 98,000 in March Was Not Statistically Significant

• Declining Monthly Unemployment Rates Simply Were Not Comparable

• That Said, March Unemployment: U.3 Declined to 4.5% from 4.7%, U.6 Fell to 8.9% from 9.2% and ShadowStats-Alternate Fell to 22.5% from 22.7%

• Those Were the Lowest, Headline Unemployment Rates for U.3 since May 2007, for U.6 since December 2008 and for ShadowStats since April 2012

• Nominal Money Supply M3 Annual Growth Sank to a 57-Month Low in March, Real Growth Declined to a Level Not Seen Since Depths of the Economic Collapse

====

No. 878: February Trade Deficit, Construction Spending, Updated Consumer Liquidity

April 4th, 2017

• Sharp Narrowing in February 2017 Trade Deficit Reflected Plunging Imports of Consumer Goods, Such as Autos and Cell Phones

• Declining Consumer Demand and/or a One-Time Reporting Aberration?

• First-Quarter 2017 Real Merchandise-Trade Is on Track for Worst Deficit Since Third-Quarter 2007

• Despite a Nominal 0.8% Monthly Gain in February Construction Spending, Inflation-Adjusted Activity Remained in Stagnant Non-Recovery, Headed for First-Quarter 2017 Quarterly and Annual Contractions

• Consumers Face Continuing Income and Credit Stresses, Amidst Mixed Optimism

====

No. 877: Industrial Production Benchmark Revision

April 2nd, 2017

• Industrial Production Just Took a Hit with Its Benchmark Revisions, Given Higher-Quality, Weaker Historical Data from 2015

• Double-Dip Recession in Production Now Steeper than Previously Indicated

• Two or More Consecutive Quarters of Annual Decline in Production Are Unprecedented Outside of Formally-Recognized Recessions; There Were Five, Now There Are Seven Consecutive Quarters in Place

• Gold and Silver Mining Activity Revised Sharply Higher

• Negative Indications for Pending Benchmark Revisions to Retail Sales, Durable Goods Orders and the GDP

• Broad Outlook Continues for Non-Recovering Economic Activity

• Issues Foreshadow FOMC Problems, a Weaker Dollar and Stronger Gold

flaminratzazz's picture

Is there enough in the pacific gyre yet?

FreeShitter's picture

Im waiting for the "Niggas are broke these days" headline....that would be epic for ZH.

buzzsaw99's picture

we don't need no steenking earnings!

cossack55's picture

Willi Heinrich?  Good book.

flaminratzazz's picture

No

And so your life's been a success

And you have pleasure in excess

Don't worry it will all end soon

The crack of doom is coming soon

And so your future's looking bright

And you've reached the giddy heights

Don't worry it will soon end

It is all shallow and pretend

The Tiger Lillies

lester1's picture

All those empty Sears, JC Penney, and Macy's department stores will be converted to private schools in the next few years as for profit education booms under Betsy Devos. Vouchers will be the next big thing.

 

You heard it here first.

dobermangang's picture

Don't forget HHGregg.  They're going out of business too.  

http://www.hhgregg.com/

Bobbyrib's picture

Everyone is buying online. This is a false alarm! /sarcasm.

BlindMonkey's picture

There is nothing like dumping at the peak to make a monkey proud.

 

 

flaminratzazz's picture

moar detroits and accompanied dead malls.. bullish

jamesmmu's picture

the data must leaked in advance yesterday or stocks wont selloff so badly. corruption!

VIS MAIOR's picture

MICHAEL JACKSON SPOTTED IN DETROIT'S WEST SIDE HOOD

 

DRAMA AT EAST SIDE DETROIT GAS STATION

https://www.youtube.com/user/CharlieBo313

))))))))))))

murica is death !  Putin  dragged dump into wars.. and price wars will get the US into civil war.  Putin won without bombs ))  

VIS MAIOR's picture

You can not understand me ... i dont have problem with black people ..

us warmonger and constant wars and proxy wars what usa do from 1950.. brought into deplorable condition people there in Detroit... They are victims assholes like trump as a whole wall street. jews ..  

do not forget that in europe there are tens  millions  people who sympathize with Russia.,slavics!   And we are waiting only for both dig the usrael  from europe. Germany also withdraws gold from the usa. You can get hard after your pervert usa nose because you already in bankruptcy. and germany wants revenge for volkswagen ))

VIS MAIOR's picture

You can not understand me ... i dont have problem with black people ..

us warmonger and constant wars and proxy wars what usa do from 1950.. brought into deplorable condition people there in Detroit... They are victims assholes like trump as a whole wall street. jews ..  

do not forget that in europe there are tens  millions  people who sympathize with Russia.,slavics!   And we are waiting only for both dig the usrael  from europe. Germany also withdraws gold from the usa. You can get hard after your pervert usa nose because you already in bankruptcy. and germany wants revenge for volkswagen ))

blindfaith's picture

 

Medication I must take just went fron $300 to $420.  That is $120 dollars I do not have to spend in the retail market.

 

Here is another.  LOWMAX an eye drop by Valent is $520.00.  It is a combo of glockoma and ASID.  For $52 you can by the glockoma drop and the anit swelling predizone, and they will do the same thing as LOWMAX.  So just imagine that you justlaid out $520 for something that will do the job for $52 and wonder if you have any money to shop or dine with.

When the profits from Fanny and Freddy are returned to the shareholders instead of ILLEGALLY proping up Obumercare, the ACA will collapse.

Get ready for that bomb.

pitz's picture

There are no Fannie/Freddie 'profits'.

orangegeek's picture

LMFAO!!!!

 

An audit, that will never happen, would indicate that these macros up to this point were made up numbers to make that fucking nigga appear strong on the economy to fool the stupids.

 

That fucking nigga wrecked the US economy and it will be a decade before a recovery occurs.

pitz's picture

The economy was garbage under Bush too. 

dobermangang's picture

The wonderful outlet bakery I shop at is now only open 5 days a week.  I think they'll be closing soon.  Times are tough out there.  

Gold Fingers's picture

Forex Kong killed the short trade having been short for weeks now.

He's now aggressively buying Canadian Pot Stocks, and has an email list for trade alerts.

https://forexkong.com/pot-stock-investing-in-pot-stocks/

scoutshonor's picture

I was riding my bike yesterday and remembered I needed a new charger cord for my phone.  There is a radio shack on the route I ride.

Then I wondered about how long they would still be in business--store closing banner plastered on the front when I got there.