- Prior reading was +0.9% (revised to +1.0%)
- Overall sales -0.3% vs -0.2% exp (prior revised to +1.3% from +1.1%)
- First drop in overall sales since June
- “Control group” -0.1% vs +0.4% exp (excludes autos, gas & building materials)
Weak report. The Commerce Dept said it could not isolate the effect of Hurricane Sandy but said indications were that it had both positive and negative effects on sales.
Separately, PPI +2.3% vs +2.6% expected.