Retail sales up 1.0% in June

on Estimated risk per 07/15/2022 08:39:00

On a monthly basis, retail sales were up 1.0% from May to June (seasonally adjusted) and sales were up 8.4% compared to June 2021.

From the Census Bureau report:

Preliminary U.S. retail and foodservice sales estimates for June 2022 were $680.6 billion, seasonally adjusted for holidays and weekdays, but not for price changes. 1.0 percent increase compared to the previous month and by 8.4 percent compared to June 2021. … The percentage change from April 2022 to May 2022 has been revised down from 0.3 percent to 0.1 percent.
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Retail Click on the graph to enlarge the image.

This graph shows retail sales since 1992. These are seasonally adjusted monthly retail sales and catering services (total and excluding gasoline).

Retail sales without petrol rose 0.7% in June.

The second graph shows the annual change in retail sales and catering (excluding gasoline) since 1993.

Retail and food service sales, excluding gasoline, rose 5.3% year on year.

Change in retail sales compared to last year

Sales in June beat expectations, while sales in April and May were revised upwards in aggregate.