US January advance retail sales +5.3% vs +1.1% expected

US January 2021 retail sales data:

  • Prior was -0.7% (revised to -1.0%)
  • retail sales ex auto +5.9% vs +1.0% expected
  • retail sales ex auto and gas +6.1% vs +0.8% expected
  • retail sales control group +6.0% vs +1.0% expected
Prior numbers and revisions

  • December retail sales ex auto revised to -1.8% from -1.4%
  • November retail sales ex auto and gas revised to -2.5% from -2.1%
  • November retail sales control group revised to -2.4% from -1.9%

Huge beats on retail sales. Those stimulus checks work. There are some minor negative revisions to the prior but they’re eclipsed by the big beats on the headline.