July 20, 2023
US retail sales rose +0.2% m/m in June, up +1.5% from a year ago. However, this is not adjusted for inflation. Given that consumer inflation (CPI) was running at +3.0% y/y in June, this indicates that sales continue to be down, in real terms, from a year ago. Retail sales for the first half of […]
May 16, 2023
US retail sales rose +0.4% m/m in April, after falling the prior two months. Sales were up +1.6% from a year ago, but this is not adjusted for inflation. Given that consumer inflation (CPI) was running at +5.0% y/y in April, this indicates that sales are actually down in real terms. It’s worth noting that […]
April 18, 2023
US retail sales fell -1.0% m/m in March, declining for the second month in a row. Sales were up +2.9% from a year ago, but that is not adjusted for inflation. Given that consumer inflation was running at +5.0% y/y in March, this indicates that real sales are actually down. It’s worth noting that sales […]
January 18, 2023
US retail sales fell -1.1% m/m in December, declining for the second month in a row. Sales were up +6.0% from a year ago, but that is not adjusted for inflation. Given that consumer inflation is running at +6.4% y/y, real sales are either flat or slightly negative. Sales at gas stations fell -4.6% due […]
December 13, 2022
U.S. retail sales rose +1.3% m/m in October, after staying flat in September. This puts them up +8.3% from a year ago. Keep in mind these numbers are not adjusted for inflation, which running at +7.1% y/y. Gas station sales saw the largest increase, both m/m and y/y (due, at least in the latter case, […]