Retail Sales (MoM) (US)
Event Date: Wednesday, November 15, 2023
Event Time: 13:30 CET
Updated Sunday, November 12, 2023
We have seen some volatile numbers for retail sales. In May we saw a 17.7% surge as the country reopened and in June the increase was at 7.5%, but the pace of the increase slowed in July for both, core and headline sales and again in August, but in September we saw a reversal in the trend as sales increased by 1.9%. In October the increase slowed to 0.3%, while sales declined in November and December. They jumped by 5.3% in January but declined by 3% in February, although increased by nearly 10% again in March. In April they came flat at 0% while in May core sales declined by 0.7% and headline sales by 1.3%. In August we saw a decline but sales have been positive since then and are expected to increase by 0.2% in April after a 0.5% in March. In May we saw a 0.3% decline while June came at 1.0%. July was expected to slow to 0.2% but fell flat at 0.0%. In August we saw a 0.3% decline, while in September they came at 0.1%. In January we saw a strong 3.0% increase after the decline in December, while February showed another decline of 0.4%. In March the decline accelerated to -1.0% but we have seen two decent increases in sales in April and May. They have been beating expectations since then, but October is expected to show a decline for both headline and core sales. 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.