by Mike ‘Mish’ Shedlock
Retail sales numbers for March were a disastrous -0.3% despite gasoline sales which were up 0.9%
Excluding gasoline, March retail sales fell 0.4%.
Autos led the plunge down 0.4%, the fourth consecutive month.
The Bloomberg Econoday economists’ consensus estimate was +0.1% in a range of -0.4% to +0.3%. Once again economists were clueless.