Real News. Really Accurate Data.
PPD Polls Conducted By
https://www.bigdatapoll.com/
Wednesday, December 12, 2018
HomeNewsEconomyU.S. Retail Sales Unexpectedly Surge in July, Easily Beating Forecast

U.S. Retail Sales Unexpectedly Surge in July, Easily Beating Forecast

Group of friends sitting outdoors with shopping bags; several people holding smartphones and tablets. (Photo: AdobeStock/ OneInchPunch/PPD)
Group of friends sitting outdoors with shopping bags; several people holding smartphones and tablets. (Photo: AdobeStock/ OneInchPunch/PPD)

Group of friends sitting outdoors with shopping bags; several people holding smartphones and tablets. (Photo: AdobeStock/ OneInchPunch/PPD)

The advance estimates of U.S. retail sales came in at $507.5 billion in July, an increase of 0.5% (±0.4%) and far more than the 0.1% forecast.

That’s also 6.4% (±0.5%) higher from July 2017.

Total sales for the May 2018 through July 2018 period rose 6.3% (±0.5%) from the same period a year ago. From May 2018 to June 2018, the percentage change was revised from a gain of 0.5% (±0.4%) to a gain of 0.2% (±0.2%).

Retail trade sales were up 0.4% (±0.5%)* from June 2018, and 6.0% (±0.5%) above last year. Gasoline Stations saw a giant 22.2% (±1.6%) gain from July 2017, while Nonstore Retailers were up 8.7% (±1.4%) from last year.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

No comments