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Economy

Economic Data (USA)

Friday, August 11, 2006

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

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

Consensus: +0.8%
Actual: +1.4%

Minus Auto Sales
Consensus: +0.5%
Actual : +1.0%


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 July, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $367.9 billion, an increase of 1.4 percent (±0.7%) from the previous month and up 4.8 percent (±0.8%) from July 2005. Total sales for the May through July 2006 period were up 5.9 percent ±0.3%) from the same period a year ago. The May to June 2006 percent change was revised from -0.1 percent (±0.7%)* to -0.4 percent (± 0.2%).

Retail trade sales were up 1.5 percent (±0.7%) from June and were 4.5 percent (±0.8%) above last year. Gasoline stations were up 19.2 percent (±2.0%) from July 2005 and sales of nonstore retailers were up 15.6 percent (±4.5%) from last year. "
Click here to view the full report.


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