Retail Sales Still Sliding: 5-Month Growth Rate Drops To 3.6% Annual Rate

Including the contributions from gasoline, over the last five months (including revisions to August and more so September) total retail sales have increased by only 1.5%. That adds up to a very low 3.6% annual rate. A five-month lull reduces the chance this slowdown is the product of very short-term events like hurricanes.