Retail Sales (MoM) (US)
Retail Sales Turned Negative Again in February
Starts Thursday, April 18, 2019 at 12:30
Updated Thursday, April 18, 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. 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.