US Retail Sales Unexpectedly Fall

US retail sales decreased 0.3 percent in June, following a downwardly revised 1 percent gain in May due to lower sales of autos and range of other goods.

Seven out of 13 major categories showed decreases in June and one remained unchanged. Sales in furniture stores dropped the most (-1.6 percent), followed by clothing and footwear (-1.5 percent), building materials and garden equipment (-1.3 percent), motor vehicle and dealers (-1.1 percent), online stores (-0.4 percent), restaurants (-0.2 percent) and grocery stores (-0.2 percent). In contrast, sales in electronics and appliance stores increased 1 percent, those in gasoline stations went up 0.8 percent and those in sporting goods, hobby, music and books stores edged up 0.1 percent. Sales in general merchandise stores were up by 0.7 percent but those in department stores declined 0.6 percent.

Core retail sales (excluding automobiles, gasoline, building materials and food services) fell 0.1 percent after reporting 0.7 percent increase in May.

Sales excluding autos edged down 0.1 percent after rising 0.8 percent in May. Sales excluding gas and autos shrank 0.2 percent after rising 0.1 percent in May.

Year-on-year, total retail sales increased 1.4 percent in June, the lowest growth since November 2009.

US Retail Sales Unexpectedly Fall

US Census Bureau | Joana Taborda |
7/14/2015 2:17:32 PM