The advance estimate for U.S. retail sales in June came in at $519.9 billion, an increase of 0.4% (±0.5%) from the month prior and stronger than expected. Retail sales are now 3.4% (±0.7%) higher than June 2018 and have gained overall for the fourth straight month.
Indicator | Prior | Prior Revised | Consensus Forecast | Forecast Range | Result |
Retail Sales – M/M ∆ | 0.5% | 0.4% | 0.1% | -0.2% to 0.4% | 0.4% |
Retail Sales less autos – M/M ∆ | 0.5% | 0.4% | 0.2% | -0.2% to 0.4% | 0.4% |
Less Autos & Gas – M/M ∆ | 0.5% | 0.4% | 0.0% to 0.5% | 0.7% | |
Control Group – M/M ∆ | 0.5% | 0.6% | 0.4% | 0.2% to 0.4% | 0.7% |
Total retail sales for the period from April 2019 through June 2019 were also up 3.4% (±0.5%) from the same period a year ago. The April 2019 to May 2019 percent change was revised slightly lower from up 0.5% (±0.5%) to up 0.4% (±0.2%).
Retail trade sales were up 0.4% (±0.5%) from May 2019, and 3.3% (±0.5%) above last year. Nonstore retailers gained strongly for a second straight month, surging 13.4% (±1.4%) from June 2018.
Health and personal care stores gained 5.5% (±1.9%) from last year.
Indicating underlaying strength and strong discretionary spending is the continued solid increase for restaurants, up 0.9% after gaining 1.0%, 0.7%, and 0.8%.
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