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 |
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Oct 17, 2024 | 0.5% | 0.1% | 0.2% |
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% |
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- US Core Retail Sales m/m News
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US retail sales rose 0.4% month-on-month in September versus the 0.3% MoM consensus while the "control group" jumped 0.7% MoM versus the 0.3% market expectation. The latter measure excludes some volatile items such as autos, gasoline, food service and building materials and has a history of better tracking broader consumer spending trends. This is a nominal dollar increase, so we need to adjust for inflation (0.2% MoM) to generate "real" spending growth, which feeds through into GDP. That looks pretty robust at around 0.5% MoM and ...
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Retail 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. ...
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US 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 ...
Retail 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 ...
Released on Oct 17, 2024 |
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Released on Sep 17, 2024 |
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