The September RETAIL SALES component (RSAFS) of the NBER Recession Model was in today. It surprised to the upside as well as had an upward revision on the prior month. For the most part, this series has been revised downwards over time of late, but this does not necessarily equate to downward revisions to the real-time observed 12-month growth rates. This is shown below where we compare the growth rate of a series that only looks at real-time published data […]
Tag Archives | Retail sales
