Retail sales in the US jumped 1% mom in June of 2022, beating forecasts of a 0.8% gain, and recovering from a downwardly revised 0.1% drop in May. Figures showed consumer spending remains robust but also reflect a general increase in prices for goods and services. Retail sales aren’t adjusted for inflation. Sales at gasoline stations recorded the biggest increase (3.6%), followed by sales at nonstore retailers (2.2%); miscellaneous store retailers (1.4%); furniture stores (1.4%); food services and drinking places (1%); motor vehicle and parts dealers (0.8%); and sporting goods, hobby, musical and book stores (0.8%). On the other hand, lower sales were recorded for building materials (-0.9%), clothing (-0.4%) and in general merchandise stores (-0.2%). Excluding automobiles, gasoline, building materials and food services, the so-called core retail sales rose 0.8% in June, after a 0.3% drop in May. source: U.S. Census Bureau
Retail Sales MoM in the United States averaged 0.41 percent from 1992 until 2022, reaching an all time high of 18.70 percent in May of 2020 and a record low of -14.70 percent in April of 2020. This page provides - U.S. December Retail Sales Increased More Than Forecast - actual values, historical data, forecast, chart, statistics, economic calendar and news. U.S. Retail Sales - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.
Retail Sales MoM in the United States is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the U.S. Retail Sales is projected to trend around 1.00 percent in 2023 and 0.40 percent in 2024, according to our econometric models.