Control group data surged with explosive growth!đ€©
Headline retail sales came in much weaker than expected (0.2% MoM vs 0.5% expected), but the internals tell a much different story with the control group (ex autos, gas, building materials) beating on a much stronger +0.6% print than expectations of 0.3%, along with strong upward revisions to the May data as well.
#RetailSales #controlgroup #auto #gas #Buildingmaterial