by Calculated Risk on 7/15/2013 08:43:00 AM
Monday, July 15, 2013
Retail Sales increased 0.4% in June
On a monthly basis, retail sales increased 0.4% from May to June (seasonally adjusted), and sales were up 5.7% from June 2012. 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 $422.8 billion, an increase of 0.4 percent from the previous month, and 5.7 percent above June 2012.
![Retail Sales](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8is6LmjkySl_Gw63uyMRUsb4Ssy4yuyOW1I5BLdZfUqmVVJkQTPgetntb6zkAsj1uK9ebJIyJUeK2iITQXfTwdDXFvD4g0qPsJzQjJ2uegDK9IMB9Vwh_25v1O92s2wSW9JBI/s320/RetailJune2013.jpg)
This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).
Retail sales are up 27.5% from the bottom, and now 11.8% above the pre-recession peak (not inflation adjusted)
Retail sales ex-autos increased slightly. Retail sales ex-gasoline increased 0.3%.
Excluding gasoline, retail sales are up 24.6% from the bottom, and now 12.2% above the pre-recession peak (not inflation adjusted).
![Year-over-year change in Retail Sales](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqwrfHDE6_eWac_icfWVxiVkBUx-ynXc6dXHwWWRIc2gwKyxel344TvcgEimeS1amHG26Xh2T_Qg79wDsiPitIv_C3-ztoQhkXf0r8YIq1xYbjS0229yWAChIH1YI-Ng9MLr1h/s320/RetailYoYJune2013.jpg)
Retail sales ex-gasoline increased by 5.9% on a YoY basis (5.7% for all retail sales).
This was below the consensus forecast of 0.8% increase in retail sales.