by Bill McBride on 7/14/2015 08:39:00 AM
Tuesday, July 14, 2015
On a monthly basis, retail sales were down 0.3% from May to June (seasonally adjusted), and sales were up 1.4% from June 2014.
From the Census Bureau report:
The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for June, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $442.0 billion, a decrease of 0.3 percent from the previous month, but up 1.4 percent above June 2014. ... The April 2015 to May 2015 percent change was revised from +1.2 percent to +1.0 percent.Click on graph for larger image.
This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).
Retail sales ex-gasoline decreased 0.4%.
The second graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993.
Retail and Food service sales ex-gasoline increased by 3.5% on a YoY basis (1.4% for all retail sales).
The decrease in June was below the consensus expectations of unchanged, and sales in April and May were revised down. A weak report.
Posted by Bill McBride on 7/14/2015 08:39:00 AM