Retail Sales in USA
USA - Retail Sales
Retail sales growth moderates in July
Nominal retail sales increased 1.2% in month-on-month seasonally-adjusted terms in July. The print eased notably from June’s 8.4% growth, and missed market expectations of a 2.3% increase. Retail sales excluding cars, gasoline, building materials and food services—also known as core retail sales—rose 1.5% in July, after growing 7.7% in the month prior.
The rise in retail sales came as certain parts of the country carried on easing lockdown restrictions. Retail sales of electronics and appliances jumped 22.9% in July, while clothing and accessories, and gasoline purchases also jumped notably. Nevertheless, spending on building and equipment services and motor vehicles dipped in July.
In annual terms, retail sales increased 2.7% in July, better than June’s 2.1% rise. Meanwhile, the annual average variation in retail sales growth was stable at June’s 0.3% in July.
FocusEconomics Consensus Forecast panelists project private consumption to contract 5.6% in 2020, which is up 0.2 percentage points from last month’s forecast. For 2021, the panel sees private consumption increasing 4.4%.
United States - Retail Sales Data
|Retail Sales (annual variation in %)||2.6||3.0||4.3||4.5||3.6|
5 years of economic forecasts for more than 30 economic indicators.
United States Retail Sales Chart
United States Facts
|Bond Yield||1.92||-0.43 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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August 27, 2020
The economy declined at the sharpest rate on record in the second quarter as the pandemic and measures to contain it toppled activity.
August 25, 2020
The S&P/Case-Shiller 20-city composite home price index—excluding Detroit due to reporting delays—eased to 0.2% month-on-month in June, down from May’s 0.4% rise.
August 25, 2020
The Conference Board’s consumer confidence index decreased to 84.8 in August from 95.9 in July.
August 14, 2020
Nominal retail sales increased 1.2% in month-on-month seasonally-adjusted terms in July.
August 12, 2020
Consumer prices rose 0.59% over the previous month in July, slightly stronger than June’s 0.57% dip.