United States Retail June 2022

United States

United States: Retail sales bounce back in June

July 15, 2022

Retail sales grew 1.0% in month-on-month seasonally-adjusted terms in June, which contrasted May's 0.1% decrease and beat market expectations for a 0.8% uptick. Looking at the details of the release, motor vehicle and parts dealers sales bounced back in June, while food and beverages sales grew at a softer rate. Lastly, non-store retailers sales gained steam, while gasoline stations sales lost steam.

On an annual basis, retail sales rose at a quicker rate of 8.4% in June (May: +8.2% yoy).

FocusEconomics Consensus Forecast panelists see private consumption growing 3.3% in 2022, which is up 0.2 percentage points from last month’s forecast. For 2023, the panel sees private consumption increasing 1.7%.


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United States Retail Chart

United States Retail June 2022

Note: Month-on-month and year-on-year variation of nominal retail sales in %.
Source: United States Census Bureau.

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