01:30 PM BST, United States - Retail Sales Data for June:
- Retail Sales: actual 0.0% MoM; forecast -0.3% MoM; previous 0.3% MoM;
- Retail Control: actual 0.9% MoM; forecast 0.2% MoM; previous 0.4% MoM;
- Core Retail Sales: actual 0.4% MoM; forecast 0.1% MoM; previous 0.1% MoM;
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Advance estimates of U.S. retail and food services sales for June 2024, adjusted for seasonal variations and trading-day differences but not for price changes, were $704.3 billion, remaining virtually unchanged from the previous month but showing a 2.3% increase compared to June 2023. Total sales for the April through June 2024 period rose by 2.5% from the same period in the previous year. Retail trade sales decreased by 0.1% from May 2024 but increased by 2.0% year-over-year, with nonstore retailers seeing an 8.9% rise and food services and drinking places experiencing a 4.4% increase from June 2023.
The dollar strengthened after the publication, but we also saw gains in the equity market. Retail sales data for June showed a moderate stabilization in the consumer market. The lack of growth suggests stabilization, but data above expectations shows no sharp decline.Â
