US Retail Sales Post Another Jump in June, After Surging in May
The US retail sales report for June was released a while ago. Sales posted some major declines during the lock-down months, but in May we saw a jump in retail sales, as the country reopened. Today’s report is showing another jump for June, beating expectations of 5%, for both core and headline sales.
June 2020 US Retail Sales Report:
- June advance retail sales +7.5% vs +5.0% expected
- Prior was +17.7% (revised to +18.2%)
- Ex autos and gas +6.7% vs +5.0% expected
- Prior ex autos and gas +12.4% (revised to +12.1)
- Ex autos +7.3% vs +5.0% expected
- Control group +5.6% vs +4.0% expected
- Prior control group +11.0% (revised to +10.1%)
- Sales YoY +1.1% vs -6.08% prior
This is a good looking report, despite the small revision lower in the prior data in the control group. The year-over-year numbers tell you a lot more about the US economy right now than the m/m data. Overall sales are higher y/y and up 2.9% excluding gasoline. But within the numbers there are huge shifts.
Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
Comments
Subscribe
Login
0 Comments
wpDiscuz 
