Yes, that is what the NYT headline said about the 0.2 percent decline in sales reported for October. The consensus forecast was a 0.4 percent decline. Of course, September sales were revised down from a drop of 0.4 perrcent to a drop of 0.8 percent. This means that October sales were 0.2 percent below the consensus forecast. This is beating expectations?
--Dean Baker
Limited Time! A Matching Gift Doubles Your Donation
A very generous supporter has offered to MATCH every donation between now and the end of March.
PLEASE ACT NOW TO HELP US MEET OUR GOAL
When you support the The American Prospect, your dollars go directly to our mission to cover concentrated corporate power, the financial industry, the labor movement, immigration, infrastructure, foreign policy, the disaster of neoliberalism, the climate crisis, and now, a global pandemic. If it matters in progressive politics, the Prospect is — and will be — on top of it. But only with your help.
Click here to choose your plan today. We can't do it without you.
