Wednesday, August 13, 2014

Retail Sales: July 2014

Today, the U.S. Census Bureau released its latest nominal read of retail sales  showing modest activity in July with sales going flat from June and rising 3.7% on a year-over-year basis on an aggregate of all items including food, fuel and healthcare services.

Nominal "discretionary" retail sales including home furnishings, home garden and building materials, consumer electronics and department store sales declined slightly, falling 0.1% from June but rising 1.68% above the level seen in July 2013 while, adjusting for inflation, “real” discretionary retail sales declined 0.23% on the month and falling 0.34% since July 2013.