by Calculated Risk on 8/13/2014 08:40:00 AM
Wednesday, August 13, 2014
Retail Sales unchanged in July
On a monthly basis, retail sales were unchanged from June to July (seasonally adjusted), and sales were up 3.7% from July 2013. Sales in June were unrevised at a 0.2%. 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 $439.8 billion, virtually unchanged from the previous month, and 3.7 percent above July 2013. ... The May to June 2014 percent change was unrevised from +0.2 percent.
![Retail Sales](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghkoeB6Zm7B-cZnftBb0rWFFI9T7dkhyphenhyphenVFl13dYIkYGQwmJR8FlV2EwPH0ZnBs-rJ6v7YwIvEgrFQhdR19rls3_-Zl5wWnqib-hQype2rsWW7A5L3g4rBs3bp9_2f7wk5o4ygK/s320/RetailJuly2014.jpg)
This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).
Retail sales ex-autos were up 0.1%.
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](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEibuTckl2RRwCN-Ez9FUKL4aRJE9UJr0AJv-W_GJSTfSqbPIa_NZdoVwsaDdChrYQyu8VFHsmaSHvP78qTwyTD0BwP4P36SxfXzc8K9lHMKYuS01ejwo2Obyxy6kECMwjNwxPq_/s320/RetailYoYJuly2014.jpg)
The increase in July was below consensus expectations of a 0.2% increase.