Thursday, August 13, 2015

Retail Sales increased 0.6% in July

by Bill McBride on 8/13/2015 08:39:00 AM

On a monthly basis, retail sales were up 0.6% from June to July (seasonally adjusted), and sales were up 2.4% from July 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 July, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $446.5 billion, an increase of 0.6 percent from the previous month, and up 2.4 percent above July 2014. ... The May 2015 to June 2015 percent change was revised from -0.3 percent to virtually unchanged.
Retail Sales 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 increased 0.6%.

The second graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993.

Year-over-year change in Retail Sales Retail and Food service sales ex-gasoline increased by 4.5% on a YoY basis (2.4% for all retail sales including gasoline).

The increase in July was above the consensus expectations of a 0.5% increase, and sales in May and June were revised up. A solid report.