Thursday, August 15, 2019

Retail Sales increased 0.7% in July

by Calculated Risk on 8/15/2019 08:43:00 AM

On a monthly basis, retail sales increased 0.7 percent from June to July (seasonally adjusted), and sales were up 3.4 percent from July 2018.

From the Census Bureau report:

Advance estimates of U.S. retail and food services sales for July 2019, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $523.5 billion, an increase of 0.7 percent from the previous month, and 3.4 percent above July 2018. … The May 2019 to June 2019 percent change was revised from up 0.4 percent to up 0.3 percent.
emphasis added
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 were up 0.6% in July.

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 3.7% on a YoY basis.

The increase in July was above expectations. Sales in June were revised down, and sales in May revised up.  Overall a solid report.