US retail sales for April 0.5% vs 0.5% estimate

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Prior month 1.7% revised lower to 1.6%Retail sales 0.5% vs 0.5% estimateEx Auto 0.7% vs 0.6% estimate. Prior 1.9%Ex Gas and Auto 0.5% vs 0.6% last month. Prior month 0.7% revised higher from 0.6%Control group 0.5% versus 0.4% expected. Prior revised higher to 0.8% from 0.7%. The control group feeds into the US GDPThe data for retail sales coming off a strong month, remained strong this month. Note that the retail sales are NOT adjusted for inflation. So if prices are going higher, retail sales goes higher. We know prices are higher. This article was written by Greg Michalowski at investinglive.com.