Retail Sales Numbers Disapppoint in June

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Economic Update: Retail Sales

The Commerce Department reported that Retail Sales were down -0.5% in the month of June, which was well below with the consensus for +0.2%.

Prior month’s readings for comparison purposes:

• May: -0.2%
  
• April: -0.2%
  
• March: +0.8%
  
• February: +1.0%
  
• January: +0.6%
  
• December: +0.0%
  
• November: +0.4%
  
• October: +0.6%
  
• September: +1.1%
  
• August: +0.3%
  
• July: +0.3%
  
• June: +0.3%

When you strip out the sales of autos, sales were down -0.4%, which was below the consensus for a reading of +0.1% and last month’s level of -0.4%.

And when you take out autos and gasoline, sales were off by -0.2%.

Other stories on the US Economy to review:

• PPI Up in June
  
• Import/Export Prices Down in June
  
• NFIB Small Business Optimism Index Pulls Back Again
  
• Jobs Report Disappoints Again in June
  
• ISM Non-Manufacturing Index Disappoints in June
  
• ADP Employment Surprises to Upside
  
• Challenger Planned Job Cuts Best in Year
  
• Factory Orders BTE in May
  
• Construction Spending Above Consensus in May
  
• ISM Manufacturing Plunges in June
  
• Chicago PMI Headline Improves But...
  
• US GDP Grew at +1.9% Rate in Q1
  
• Durable Goods Up for First Time in 3 Mos
  
• Richmond Fed Index Declines for Third Month
  
• Consumer Confidence Falls Again in June
  
• Case-Shiller Home Price Index Improves
  
• Chicago Fed National Activity Index Falls in May
  
• Existing Homes Sales Fall But Prices Rises
  
• LEI Rises in May: Points to "Muddle Through"
  
• Philly Fed Plunges in June
  
• Housing Starts Down But Permits Up
  
• Industrial Production and Capacity Utilization Below Expectations
  
• CPI Declines in May

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