US: Advance retail sales were $507.5 billion in July, up 0.5% from June vs. 0.1% expected

Eren Sengezer FXStreet

"Advance estimates of U.S. retail and food services sales for July 2018, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $507.5 billion, an increase of 0.5 percent from the previous month, and 6.4 percent above July 2017," the U.S. Census Bureau announced on Wednesday.

Key takeaways from the official publication

Total sales for the May 2018 through July 2018 period were up 6.3 percent from the same period a year ago.
The May 2018 to June 2018 percent change was revised from up 0.5 percent to up 0.2 percent.
Retail trade sales were up 0.4 percent from June 2018, and 6.0 percent above last year.
Gasoline Stations were up 22.2 percent from July 2017, while Nonstore Retailers were up 8.7 percent from last year.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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