The Chicago Fed’s final nowcast of retail & food services sales (ex autos) growth in November is 0.3% MoM and 4.3% YoY, revised down from the preliminary estimate of 0.4% MoM and 4.4% YoY.

• The nowcast is based on positive contributions from transactions (17+ bps) and Census data (+18 bps), while foot traffic & sentiment made a negligible contribution of -2 bp.

• The nowcast for retail & food services sales (ex autos) price growth is 0.3% MoM and 1.8% YoY, revised down from the preliminary estimate of 0.4% MoM.
• The inflation-adjusted nowcast of retail sales is 0.0% MoM as price growth is forecasted to account for basically all of the growth in retail sales.