Year-Over-Year Retail Sales Up 3.4%
The advance estimate for U.S. retail sales came in at $523.5 billion in July, an increase of 0.7% (±0.5%) and more than double the consensus forecast.
| Prior | Revised | Consensus Forecast | Forecast Range | Actual | |
| Retail Sales – M/M ∆ | 0.4% | 0.3% | 0.3% | -0.3% to 0.5% | 0.7% |
| Retail Sales less autos – M/M ∆ | 0.4% | 0.3% | 0.4% | -0.2% to 0.6% | 1.0% |
| Less Autos & Gas – M/M ∆ | 0.7% | 0.6% | 0.5% | 0.4% to 0.5% | 0.9% |
| Control Group – M/M ∆ | 0.7% | 0.3% | 0.3% to 0.3% | 1.0% |
In another indication of strong consumer spending, U.S. retail sales are 3.4% (±0.7%) above July 2018. Total sales for May 2019 to July 2019 were up 3.3% (±0.5%) from the same period a year ago.
The May 2019 to June 2019 percent change was revised from up 0.4% (±0.5%) to up 0.3% (±0.1%).
Retail trade sales were up 0.6% (±0.5%) from June 2019, and 3.4% (±0.7%) a year ago. Nonstore retailers were up 16.0% (±1.4%) and miscellaneous stores were up 6.0% (±4.6%) from last year.
