A couple day's ago Marc to Market's Marc Chandler dropped this tidbit as part of a larger "
Week Ahead: Four Central Bank Meetings and More" post
Retail Sales
- Watch Tuesday’s retail sales report from the Commerce Department to
see if better consumer spending extended into May. Retail spending in
April increased 1.3%, the fastest pace in more than a year. Continued
momentum would reinforce the view that economic growth is accelerating
during the second quarter. Consumer spending accounts about two-thirds
of economic output.
Here's this morning's MtM morning post: "
Capital Markets Remain at UK Referendum's Mercy".
And from Econoday via Bloomberg:
Retail Sales
|
| Released On 6/14/2016 8:30:00 AM For May, 2016
|
|
Prior | Consensus | Consensus Range |
| Retail Sales - M/M change | 1.3 % | 0.3 % | 0.2 % to 0.6 % |
| Retail Sales less autos - M/M change | 0.8 % | 0.4 % | 0.2 % to 0.6 % |
| Less Autos & Gas - M/M Change | 0.6 % | 0.3 % | 0.0 % to 0.4 % |
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|
Recent History Of This Indicator
Retail sales surged in April and first signaled what turned out to be
strong overall results for the month's total data on consumer spending.
The signal from May retail sales, however, is expected to less robust.
Unit auto sales in May, though at a solid level, were flat compared to
April though gasoline sales are certain to get a boost from another
monthly climb in prices. The consensus gain for the overall headline is
0.3 percent with ex-auto sales at plus 0.4 percent. Core results, that
is ex-auto ex-gas sales, have been very solid this year and a 0.3
percent gain is expected for May. Nonstore retailers, reflecting
ecommerce sales, have been very strong this year as have sales at
furniture stores and health & personal care stores.
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