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Retail sales: Difference between revisions
→Developments
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!Market Reaction | !Market Reaction | ||
!Full Release | !Full Release | ||
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|February 2024 | |||
|2023-2-15 | |||
|700,727 | |||
|0.60% | |||
|0.80% | |||
|1.50% | |||
|225,275 | |||
|0.13 | |||
| -1.90 | |||
|0% | |||
|Link | |||
|- | |- | ||
|January 2023 | |January 2023 | ||
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|} | |} | ||
=== March === | == 2024 == | ||
January 2024 | |||
* Advanced retail sales fell 0.8% in January<ref>https://www2.census.gov/retail/releases/historical/marts/adv2401.pdf</ref> versus growth of 0.4% in December (revised down from 0.6%) and exceeding expectations<ref>https://www.bloomberg.com/news/articles/2024-02-15/us-retail-sales-drop-by-most-in-nearly-a-year-after-holidays</ref> for a 0.2% decline as consumers pulled back after the holiday season and due to severe winter weather. | |||
* Excluding autos, retail sales fell 0.6% below estimates for a 0.2% gain. | |||
* Control group sales which excludes food services, auto dealers, building materials stores and gasoline stations declined 0.4%, lower than estimates for a 0.2% increase. | |||
* The numbers are not adjusted for inflation which was up 0.3% on a monthly basis. | |||
* Stocks were unmoved by the weak numbers-S&P 500 futures rose 0.1%, Nasdaq Composite futures were flat while Dow Jones Industrial Average rose 0.2%<ref>https://www.cnbc.com/2024/02/14/stock-market-today-live-updates.html</ref>. | |||
=== February 2024 === | |||
* Advanced retail sales rose 0.6% in February versus a decline of 1.1% in January (revised up from -0.8%) and lower-than 0.8% estimate. | |||
* Excluding autos, retail sales rose 0.3%, in-line with the estimates. | |||
* Control group sales which excludes food services, auto dealers, building materials stores and gasoline stations was flat m/, lower than estimates for a 0.4% increase. | |||
* The numbers are not adjusted for inflation which was up 0.4% on a monthly basis | |||
== 2023 == | |||
=== March 2023 === | |||
* -U.S retail sales declined 1% in March from February, more than the 0.2% decline in February and -0.4% estimate. | * -U.S retail sales declined 1% in March from February, more than the 0.2% decline in February and -0.4% estimate. | ||
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* The numbers are not adjusted for inflation. | * The numbers are not adjusted for inflation. | ||
* Stock futures were down following the report- S&P 500 futures fell 0.5%, Nasdaq Composite declined by 0.7% while Dow Jones Industrial Average dropped 0.4%. | * Stock futures were down following the report- S&P 500 futures fell 0.5%, Nasdaq Composite declined by 0.7% while Dow Jones Industrial Average dropped 0.4%. | ||
== References == | == References == | ||
<references /> | <references /> | ||