US retail sales for August 0.6% versus 0.2% estimate

• Prior month 0.5% revised to 0.6%
• Retail sales 0.6% versus 0.2% expected.
• Retail sales ex-autos 0.7% vs 0.4% estimate. Last month revised from 0.3% to 0.4%.
• Retail sales control group 0.7% versus 0.4% estimate
• retail sales ex gas/autos 0.7% versus 0.3% last month (revised higher from 0.2%)

The control group moving up by 0.7% feeds directly into GDP and should give a boost for that measure. The Atlanta Fed GDPNow growth estimate was at 3.1% on September 11. It is scheduled to be revised today.

This article was written by Greg Michalowski at investinglive.com.