Retail Sales (MoM) (US)
Retail Sales Soften
Starts Wednesday, September 16, 2020 at 12:30
Updated Wednesday, September 16, 2020
We have seen some volatile numbers for retail sales. In March last year, 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%, but they both declined in September. In October, they turned positive and in November sales were expected to increase further, by 0.4% for core sales and 0.5% for headline sales but missed expectations, with retail sales increasing by 0.2% and core sales by 0.1%. But we saw a decent jump of 0.7% in December for core sales. So, sales have been positive since then, but turned negative in February, while in March they posted a larger decline of 8.7%, which got bigger at -16.4% in April. But 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. 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.