Retail Sales Increased 1.0% in June

by Calculated Risk on 7/15/2022 08:39:00 AM

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

From the Census Bureau report:

Advance estimates of U.S. retail and food services sales for June 2022, adjusted for seasonal variation and
holiday and trading-day differences, but not for price changes, were $680.6 billion, an increase of 1.0
percent from the previous month, and 8.4 percent above June 2021. … The April 2022 to May 2022 percent change was revised from down 0.3 percent to down 0.1 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 0.7% in June.

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 5.3% on a YoY basis.

Sales in June were above expectations, and sales in April and May were revised up, combined.

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