Retail Sales (ex Food Svc) in 2015
Retail Sales (ex Food Svc) opened 2015 at 378,518 and closed at 389,551, a +2.91% move for the year. The high of 390,953 was reached on July 1, and the low of 377,594 on February 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 378,518 | 378,518 | 378,518 | 378,518 | +0.00% |
| Feb | 377,594 | 377,594 | 377,594 | 377,594 | +0.00% |
| Mar | 383,681 | 383,681 | 383,681 | 383,681 | +0.00% |
| Apr | 383,893 | 383,893 | 383,893 | 383,893 | +0.00% |
| May | 387,155 | 387,155 | 387,155 | 387,155 | +0.00% |
| Jun | 387,199 | 387,199 | 387,199 | 387,199 | +0.00% |
| Jul | 390,953 | 390,953 | 390,953 | 390,953 | +0.00% |
| Aug | 390,570 | 390,570 | 390,570 | 390,570 | +0.00% |
| Sep | 388,551 | 388,551 | 388,551 | 388,551 | +0.00% |
| Oct | 387,066 | 387,066 | 387,066 | 387,066 | +0.00% |
| Nov | 388,530 | 388,530 | 388,530 | 388,530 | +0.00% |
| Dec | 389,551 | 389,551 | 389,551 | 389,551 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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