U.S. Retail Sales Weaker Than Expected In June
The headline U.S. retail sales numbers for the month of June were disappointing for a third consecutive month as total sales rose by just 0.2 percent.
The level was below the consensus estimate for an increase of 0.6 percent and was also below May’s revised level of +0.5 percent (from +0.3 percent).
Last six month readings: May: +0.5 percent, April: +0.5 percent, March: +1.5 percent, February: +0.7 percent, January 2014: -0.6 percent, December: -0.1 percent, November: +0.4 percent.
Excluding the sale of autos (which can be quite volatile), sales gains gained 0.4 percent. This was also below the consensus estimate of +0.5 percent but above last month’s revised reading of +0.4 percent (revised from +0.1 percent).
Last six month readings: May: +0.4 percent, April: 0.4 percent, March: +1.0 percent, February: +0.3 percent, January 2014: -0.3 percent, December: +0.7 percent, November: +0.7 percent.
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Tags: U.S. Retail Sales