Retail Sales (MoM) (US)
Improving Retail Sales During Spring/Summer
Starts Saturday, August 18, 2018 at 16:06
Updated Wednesday, August 15, 2018
Retail sales have been weak during the winter months, but they have picked up considerably during Spring and Summer. Last month, retail sales beat expectations, increasing by 0.5%. The biggest surprise came from the previous month though, which was revised higher from 0.8% to 1.3%. Core retail sales have also improved and they are a component of this report which is very important for USD traders. Although, the growth is expected to slow to 0.2% this month. Core retail sales are expected to grow by 0.4%, same as last month.
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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.