U.S. Retail & Food Services Sales Report for June, 2006

The Commerce Department this morning released advanced estimates of U.S. Retail and Food Services Sales for June, 2006:

Consensus: +0.4%
Actual: -0.1%

Minus Auto Sales
Consensus: +0.3%
Actual : +0.3%


The above percentages represent the month-to-month change in total sales receipts for retailers that sell both durable and non-durable goods.

The "consensus" is what economists and Wall Street forecasters were expecting, while the "actual" is the actual or real figure.

Here's a snippet from today's Commerce Department report:

"The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for June, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $363.8 billion, a decrease of 0.1 percent (±0.7%)* from the previous month, but up 5.9 percent (±0.8%) from June 2005. Total sales for the April through June 2006 period were up 6.8 percent (±0.3%) from the same period a year ago. The April to May 2006 percent change was unrevised from +0.1 percent (±0.2%)*.

Retail trade sales were down 0.1 percent (±0.7%)* from May, but were 5.7 percent (±0.8%) above last year. Gasoline stations were up 20.4 percent (±2.0%) from June 2005 and sales of nonstore retailers were up 12.3 percent (±4.5%) from last year."

Click here to view the full report.

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