Guess Which City Has the Hottest Retail Sales Growth?

Hint: It rhymes with Pan Tanbrisco.

Using their own internal credit and debit card transactions data, Bank of America Merrill Lynch’s economists look at the retail sales growth this year, broken down by city:

Screen Shot 2015-05-12 at 9.56.38 AM

There is divergence by coasts, with the strongest activity in the West. The fastest growth in retail sales ex-autos and gasoline was in San Francisco where there was a 5.0% increase on the year.

The weakest was in Charlotte; Washington DC and New York followed behind. This could partly reflect the particularly poor weather conditions in the East Coast this winter.

Dallas was in the middle, seeing some slowdown in spending with the plunge in energy sector investment, but not a collapse in activity.

 

Josh here – the screeching hot growth in San Fran fits perfectly with the relatively data-free observations I made over the weekend after a few days in the city – see: Observations from the Mission.

Overall, BofA sees a perplexingly lackluster April for retail sales based on their own metrics and is unsure why this should be the case. The stop-n-start nature of the recovery continues to play havoc with monthly data.

Virtually every economic report is a non sequitur in relation to its predecessor in the series. Have you gotten used to this yet? May as well.

Source:

April Fools
Bank of America Merrill Lynch – May 12th 2015

What's been said:

Discussions found on the web
  1. connecting.the.dots commented on May 12

    […] USA: Retail Sales Indicate Divergence Between East And West Coasts […]

  2. SEO Company in Melbourne commented on Sep 14

    … [Trackback]

    […] Read More on to that Topic: thereformedbroker.com/2015/05/12/guess-which-city-has-the-hottest-retail-sales-growth/ […]

  3. Bitcoin Era Review commented on Sep 23

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2015/05/12/guess-which-city-has-the-hottest-retail-sales-growth/ […]

  4. crackstreams commented on Dec 03

    … [Trackback]

    […] There you can find 23534 more Information on that Topic: thereformedbroker.com/2015/05/12/guess-which-city-has-the-hottest-retail-sales-growth/ […]

  5. DevSecOps commented on Dec 21

    … [Trackback]

    […] Read More Info here to that Topic: thereformedbroker.com/2015/05/12/guess-which-city-has-the-hottest-retail-sales-growth/ […]

  6. dumps good balance commented on Dec 23

    … [Trackback]

    […] Read More Info here on that Topic: thereformedbroker.com/2015/05/12/guess-which-city-has-the-hottest-retail-sales-growth/ […]

  7. cut off jean shorts mens commented on Jan 02

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2015/05/12/guess-which-city-has-the-hottest-retail-sales-growth/ […]

  8. CI/CD commented on Jan 15

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2015/05/12/guess-which-city-has-the-hottest-retail-sales-growth/ […]

  9. tangerine bank account log-in commented on Jan 16

    … [Trackback]

    […] Find More here to that Topic: thereformedbroker.com/2015/05/12/guess-which-city-has-the-hottest-retail-sales-growth/ […]