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
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Retail Sales (annual variation in %) | 2.6 | 3.0 | 4.3 | 4.5 | 3.6 |
United States Retail Sales Chart
United States Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.92 | -0.43 % | Dec 31 |
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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United States: Retail sales growth moderates in July
August 14, 2020
Nominal retail sales increased 1.2% in month-on-month seasonally-adjusted terms in July.
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Consumer prices rose 0.59% over the previous month in July, slightly stronger than June’s 0.57% dip.
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