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
The American Prospect depends on reader support
If you are scraping by right now, please don’t give us anything. But if you have the ability to support independent, non-profit journalism, we are so grateful. Your voluntary contribution helps keep this website paywall-free. You can sign up as a subscriber with a range of benefits, including an opt-in to receive the print magazine by mail.
