Gavekal Capital: US Retail Sales Jump 1.1% In March

Monday, April 14, 2014

US Retail Sales Jump 1.1% In March

Retail sales rebounded by 1.1% in March which slightly beat consensus (1%). February retail sales were also revised up from 0.3% month-over-month to 0.7% month-over-month. Retail sales and retail sales ex-autos both made all-time highs in March. Auto sales grew by over 3.1% for the highest monthly growth rate since September 2012.

About Gavekal Capital

Gavekal Capital is a US registered investment advisory firm that manages the Gavekal Knowledge Leaders Strategy. Knowledge Leaders are a group of the world’s leading innovators with deep reservoirs of intangible capital. These companies often possess competitive advantages such as strong brand, proprietary knowledge or a unique distribution mechanism. Knowledge Leaders are largely service-based and advanced manufacturing businesses, often operating globally. Gavekal Capital seeks to identify the world’s leading knowledge companies through a proprietary process that analyzes corporate knowledge investments.
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