SCOREBOARD: US data delight

The US retail and car sales data was undeniably positive, markets were up and everyone needs to calm down.

US retail sales were strong again, exceeding expectations for a 0.8 per cent rise to be up 1.1 per cent in September, after a similarly strong 1 per cent gain the month prior. Sales ex autos and gas were up 0.9 per cent compared to expectations for a 0.4 per cent rise. All the indicators are consistent then – a spike in consumer confidence, a surge in consumer credit, jobs growth is strong (equal to pre-GFC boom average) and spending is strong. Anyone disappointed with this recovery has unrealistic expectations and has, perhaps, been reading too many fairy tales. Similarly, the RBA board needs to calm down and stop panicking – Aussie car sales out yesterday hit a new record!

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles