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Retail Sales Increased 0.6% in June

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by Calculated Risk on 7/16/2021 08:38:00 AM

On a monthly basis, retail sales were increased 0.6% from May to June (seasonally adjusted), and sales were up 18.0 percent from June 2020.

From the Census Bureau report:

Advance estimates of U.S. retail and food services sales for June 2021, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $621.3 billion, an increase of 0.6
percent from the previous month, and 18.0 percent above June 2020. … The April 2021 to May 2021 percent change was revised from down 1.3 percent to down 1.7 percent.
emphasis added

Click on graph for larger image.

This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).

Retail sales ex-gasoline were up 0.4% in June.

The stimulus checks boosted retail sales significantly in March and April.

The second graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993.

Retail and Food service sales, ex-gasoline, increased by 16.6% on a YoY basis.

Sales in June were above expectations, however sales in May were revised down.

Friday: Retail Sales

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