US Core Retail Sales m/m
It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity;
Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends;
- US Core Retail Sales m/m Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Sep 17, 2024 | 0.1% | 0.2% | 0.4% |
| Aug 15, 2024 | 0.4% | 0.1% | 0.5% |
| Jul 16, 2024 | 0.4% | 0.1% | 0.1% |
| Jun 18, 2024 | -0.1% | 0.2% | -0.1% |
| May 15, 2024 | 0.2% | 0.2% | 0.9% |
| Apr 15, 2024 | 1.1% | 0.5% | 0.6% |
| Mar 14, 2024 | 0.3% | 0.5% | -0.8% |
| Feb 15, 2024 | -0.6% | 0.2% | 0.4% |
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- US Core Retail Sales m/m News
From wolfstreet.com|Sep 18, 2024Retail sales rose 0.1% in August from July, seasonally adjusted, on top of the upwardly revised 1.1% jump in July, and the 0.3% dip in June. Not seasonally adjusted, retail sales jumped by 1.5% in August from July to $737 billion. To iron out the month-to-month squiggles and revisions, we like to look at the three-month average (chart below), which rose 0.3% month-to-month and 2.3% year-over-year. The biggest gainer was ecommerce, the second-largest retailer category behind auto dealers: +1.4% month-to-month, +7.8% year-over-year. ...
From think.ing.com|Sep 17, 2024US retail sales in August were stronger than anticipated, rising by 0.1% month-on-month versus the -0.2% consensus, while July's growth rate was revised up to 1.1% from the initial 1% reported. The control group, which excludes volatile items and has a better tracking record for broader consumer spending, grew 0.3% as expected, but again there was a 0.1pp upward revision to July's growth rate – now 0.4%. Industrial production was also stronger than anticipated in August, rising by 0.8% MoM versus the 0.2% consensus forecast. July's ...
From finance.yahoo.com|Sep 17, 2024|6 commentsRetail sales surpassed Wall Street's estimates in August, as investors keep a close eye on any signs of a slowdown in consumer spending. The data comes as the Federal Reserve's two day policy meeting kicks off in Washington with the central bank widely expected to cut interest rates as economic growth data slows and inflation lessens. Retail sales rose 0.1% in August. Economists had expected a 0.2% decrease in spending, according to Bloomberg data. Meanwhile, retail sales in July were revised to a 1.1% increase, from a prior reading ...
From zerohedge.com|Aug 15, 2024No, Goldilocks is not back! Retail Sales soared in August... thanks to massive historical revisions and a surge in Auto sales... but Auto production crashed by the most since COVID lockdowns (lowering GDP expectations)... and homebuilder sentiment slumped... and the Philly Fed business outlook plunged... and the Empire Fed Manufacturing survey remains in contraction for the 9th straight month... and import and export price inflation was hotter than expected... all of which sent the macro surprise index down to 2024 lows... chart ...
From think.ing.com|Aug 15, 2024|2 commentsThe initial wave of today’s US data was quite a bit firmer than expected with retail sales rising 1% month-on-month versus the 0.4% consensus with the control group, which excludes some of the volatile items, seeing sales rise 0.3% MoM versus expectations of a 0.1% gain. There were some downward revisions to the history, but this is still a firmer-than-anticipated outcome. The headline figure was boosted by a 3.6% MoM jump in vehicle sales, but there was also decent strength in electronics (+1.6%), building materials (+0.9%), food & ...
From bnnbloomberg.ca|Aug 15, 2024|5 commentsUS retail sales accelerated in July by the most since early 2023 in a broad advance that points to a resilient consumer, even in the face of high prices and borrowing costs. The value of retail purchases, unadjusted for inflation, increased 1% in July and helped by a sharp snapback in car sales, Commerce Department data showed Thursday. Excluding autos and gasoline stations, sales were up 0.4%. Ten of the report’s 13 categories posted increases. Car sales bounced back strongly after a cyberattack on auto dealerships led to a sizable ...
From cnbc.com|Aug 15, 2024|18 commentsConsumer spending held up even better than expected in July as inflation pressures showed more signs of easing, the Commerce Department reported Thursday. Advanced retail sales accelerated 1% on the month, according to numbers that are adjusted for seasonality but not inflation. Economists surveyed by Dow Jones had been looking for a 0.3% increase. June sales were revised to a decline of 0.2% after initially being reported as flat. Excluding auto-related items, sales increased 0.4%, also better than the 0.1% forecast. There was also ...
From fxempire.com|Aug 15, 2024Today’s U.S. retail sales report takes center stage as a key indicator of consumer spending and overall economic health. All eyes are on the numbers, with forecasts suggesting a 0.4% increase in July retail sales, building on June’s 0.2% rise. The core retail sales figure, excluding volatile categories like automobiles and gasoline, is expected to show a modest 0.2% uptick. This number, closely tied to GDP’s consumer spending component, could reveal underlying consumer trends and set the tone for economic discussions in the coming ...
| Released on Sep 17, 2024 |
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| Released on Aug 15, 2024 |
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