Retail sales numbers for November were released today by the Census Bureau. As we've come to expect, the monthly retail data are treated as strong. I'll concede that the retail numbers we've seen this year are good ... insofar as good is the opposite of bad, and they haven't fallen so they aren't bad. However, by any serious analytic measure, the numbers that we see are not strong.
Here are plots of monthly retail sales going back to 2007.
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