Keeping you up to date on the latest data releases.
- Retail Sales
Total retail sales increased at a nonannualized rate of 0.4 percent in June, a slight deceleration from 0.6 percent gain in May. On a yearly basis, retail sales are up 5.7 percent. Auto sales increase 1.8 percent in June. Excluding autos, retail sales were flat in June. Over the past 12 months retail sales excluding autos have increased 4.5 percent. Contributing to the monthly gain in total sales were improvements for furniture and home furnishings (up 2.4 percent), non-store retailers (up 2.1percent) and motor vehicles and parts (up 1.8 percent). Sectors that saw the largest declines in June were building materials (down 2.2 percent), food service and drinking places (down 1.2 percent), and electronics and appliances (down 0.1 percent). A less volatile indicator of sales growth, “core” retail sales (which excludes sales of autos, building supplies, and gas stations) decreased −0.1 percent in June following an increase of 0.4 percent in May. On a year-over-year basis “core” retail sales are up 4.5 percent.