It seems that economists were way off yet again.
The Commerce Department reported Thursday that January retail sales rose 1 percent from December after having fallen for six straight months. Wall Street economists surveyed by Thomson Reuters had expected January sales to show a drop of 0.8 percent.
So that is a 1.8% discrepancy difference from their opinion to the real number. I wonder if they just pulled their number out of the hat or that deep discounting actually brought people out to buy? Sometimes economic prognostication seems more like voodoo then regular science.
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