Retail Sales in USA
USA - Retail Sales
Retail sales dip in May
Retail sales fell 0.3% month-on-month in seasonally-adjusted terms in May (April: +0.7% mom). The outturn marked the worst reading since December 2021 and confounded market expectations of a small increase. The figure suggests that multi-decade high inflation could be weighing on consumers’ spending intentions. The reading was partly driven by a deterioration in motor vehicle and parts dealers sales, amid vehicle shortages. In contrast, food and beverages sales rebounded. Lastly, non-store retailers and gasoline stations sales gained pace, with the latter buoyed by higher fuel prices (as the retail sales data is reported in nominal terms).
On an annual basis, retail sales rose at a faster rate of 8.1% in May (April: +7.8% yoy). Meanwhile, the trend pointed down, with the annual average growth of retail sales coming in at 14.0% in May, down from April's 15.7%.
FocusEconomics Consensus Forecast panelists see private consumption growing 3.1% in 2022, which is down 0.1 percentage points from last month’s forecast. For 2023, the panel sees private consumption increasing 2.1%.
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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June 15, 2022
Retail sales fell 0.3% month-on-month in seasonally-adjusted terms in May (April: +0.7% mom).
June 15, 2022
At its meeting on 14–15 June, the Federal Open Market Committee (FOMC) decided to raise the target range for the federal funds rate by 75 basis points to 1.50–1.75%—the first 75 basis-point hike since the 1990s.
June 10, 2022
Consumer prices rose a seasonally-adjusted 0.97% over the previous month in May, up from April’s 0.33% rise.
June 3, 2022
Total non-farm payrolls increased by 390,000 in May, down slightly from April’s 436,000 revised figure but notably above market expectations.
June 1, 2022
The Institute for Supply Management (ISM) manufacturing index rose to 56.1 in May from April's 55.4.