Retail Sales Take “Unexpected” Drop

Only a complete moron (read: 73 separate economists) would believe that a 1.1% drop in U.S. retail sales is unexpected. What data are these people looking at?

From Bloomberg:

Retail sales were projected to rise 0.3 percent in March after an originally reported 0.1 percent decline the prior month, according to the median estimate of 73 economists in a Bloomberg News survey. Forecasts ranged from a decline of 0.2 percent to a gain of 1.2 percent.

Comical.

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One Response to Retail Sales Take “Unexpected” Drop

  1. BCS says:

    Well, to be fair, half of them estimated less than a 0.3% rise, and for some of the 73, a decline was not unexpected.

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