Retail Sales (MoM) (US)
Retail Sales Remain Upbeat But Core Sales Fell Flat in August
Starts Wednesday, October 16, 2019 at 12:30
Updated Monday, October 14, 2019
We have seen some volatile numbers in the second half of 2018 for retail sales. They increased by 0.6% in July. But in August, retail sales slowed their growth as the report released in September showed. Retail sales were expected to have grown by 0.5% in August, but they only grew by 0.3%, while core retail sales were expected at 0.5% but missed expectations and came at 0.1%. September was a softer month as sales declined by 0.1%. Although in October, retail sales jumped 0.8% higher which was revised to 1.0% later. In November, which included Black Friday, retail sales and core retail sales, which exclude Autos, only grew by 0.2%. In December the report released a month late due to the government shutdown. Retail sales declined by a massive 1.2% while core sales came even lower at -1.8%. But they turned positive again in January growing by 0.2%, while core sales grew by 0.9% that month. In February they were expected to remain positive, but turned negative, both headline and core sales. For March, we saw a decent 1.6% jump in sales, but they returned to negative in April, declining by 0.2%. Although, last month the numbers for April were revised higher to 0.3% for core sales from -0.2% in the prelim reading which headline sales were revised to 0.5% from 0.1%. In June, both numbers showed a 0.5% increase for May, while the report released in July showed a 0.4% increase. For August, sales posted a decent increase of 0.4% while core sales fell flat at 0.0%. Please follow us for live coverage in real time of the event by experienced analysts.
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About Retail Sales (MoM) (US)
Released by the U.S. Census Bureau, Retail Sales (MoM) is an aggregate measure of activity in the retail sector. It is calculated as a percentage change and made available to the public on a monthly basis.The Retail Sales report is widely viewed as a barometer of consumer confidence and spending. Higher than expected levels are interpreted as being positive for the U.S. economy and USD. A lagging or negative release is bearish toward the USD.