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Retail sales: Difference between revisions
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|'''Forecast M/M'''<ref name=":0" /> | |'''Forecast M/M'''<ref name=":0" /> | ||
|'''Actual Y/Y'''<ref>https://www.investing.com/economic-calendar/retail-sales-1878<nowiki/>https://www.investing.com/economic-calendar/retail-sales-256</ref> | |'''Actual Y/Y'''<ref>https://www.investing.com/economic-calendar/retail-sales-1878<nowiki/>https://www.investing.com/economic-calendar/retail-sales-256</ref> | ||
|- | |||
|August 15, 2023 | |||
|0.70% | |||
|0.40% | |||
|3.17% | |||
|- | |- | ||
|July 18, 2023(June) | |July 18, 2023(June) | ||
|0. | |0.20% | ||
|0.50% | |0.50% | ||
|1.49% | |1.49% | ||
|- | |- | ||
|June 15, 2023(May) | |June 15, 2023(May) | ||
|0. | |0.30% | ||
| -0.10% | | -0.10% | ||
|1.61% | |1.61% | ||
|- | |- | ||
| Line 136: | Line 141: | ||
* Retail sales are not adjusted for inflation, but real retail sales is expected to be flat given that consumer price index rose 0.2% for the month.<ref>https://www.cnbc.com/2023/07/17/stock-market-today-live-updates.html</ref> | * Retail sales are not adjusted for inflation, but real retail sales is expected to be flat given that consumer price index rose 0.2% for the month.<ref>https://www.cnbc.com/2023/07/17/stock-market-today-live-updates.html</ref> | ||
* Year-over-year, retail sales rose 1.49% below estimate of 1.60%<ref>https://www.investing.com/economic-calendar/retail-sales-1878</ref>. | * Year-over-year, retail sales rose 1.49% below estimate of 1.60%<ref>https://www.investing.com/economic-calendar/retail-sales-1878</ref>. | ||
=== July 2023 === | |||
* U.S retail sales rose 0.7% in July, above 0.4% estimate<ref>https://www.cnbc.com/2023/08/15/retail-sales-report-july-2023.html#:~:text=Economy-,Retail%20sales%20increased%200.7%25%20in%20July,better%20than%20the%200.4%25%20estimate&text=Retail%20sales%20were%20expected%20to,check%20back%20here%20for%20updates.</ref>. | |||
* Control group sales which excludes food services, auto dealers, building materials stores and gasoline stations rose 1% versus 0.5% estimate. | |||
* 9 out of the 13 categories saw sales increase, including online retailers(+1.9%), sporting goods and related stores(+1.5%) and food service and drinking places(+1.4%). | |||
* Some of the categories that saw decline in sales include furniture(-1.8%) and electronics and appliances(-1.3%). | |||
* The numbers point to solid demand given that they are not adjusted for inflation and that Consumer Price Index rose 0.2% in July. | |||
== References == | == References == | ||
<references /> | <references /> | ||