Sign Up to Receive an Email Alert when Flash Headlines are Published

 

Economic Update: Retail Sales

The Commerce Department reported that Retail Sales were up +0.8% in the month of July, which was well above with the consensus for +0.2%.

Prior month’s readings for comparison purposes:

• June: -0.7%
  
• 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%

When you strip out the sales of autos, sales were up +0.8%, which was also well above the consensus for a reading of +0.3% and last month’s level of -0.8%.

And when you take out autos and gasoline, sales were up +0.8%.

Other stories on the US Economy to review:

• Wholesale Inventories Decline - And Yes, you should Care
  
• Q2 Worker Productivity and Labor Costs Rise
  
• ISM Services Perks Up
  
• Job Growth Improves in July
  
• Factory Orders Miss Mark in June
  
• Challenger Planned Job Cuts Drop in July
  
• ISM Manufacturing Still Sub-50 in July
  
• ADP Employment Report Surprises to Upside in July
  
• Consumer Confidence Perks Up in July, But...
  
• Chicago PMI Headline BTE, But Employment Dives
  
• Personal Income Up, Spending Flat in June
  
• GDP Slows to 1.5% in Q2
  
• Pending Home Sales Down in June
  
• Durable Goods Up on Transportation Orders
  
• Markit's Flash Manufacturing PMI Weakest in 19 Months
  
• Philly Fed Down Again in July
  
• LEI Falls Again in June
  
• Existing Home Sales Fall in June
  
• Housing Starts Higher, Permits Lower in June
  
• Industrial Production Above, Capacity Utilization Below Expectations
  
• CPI Shows Inflation Flat in June
  
• Empire Manufacturing Improves in July
  
• Retail Sales Disappoint in June
  
• PPI Up in June
  
• Import/Export Prices Down in June
  
• NFIB Small Business Optimism Index Pulls Back Again

Is this report a market mover? See how it affects our short-term trading strategy by taking a Free Trial of the Short-Term Market Manager (a multi-strategy market timing system that focuses on the 5-15 day time horizon of the market) to find out what we’re doing next.

 

Remember, you are in control your email alerts! You can receive alerts for more than 25 free research report alerts including: The “10.0” Report, The Insiders Report, ETF Leaders Report, and The Focus List.