U.S. retail sales rose 0.4% in July vs. June, marking the first increase in three months, this compares to expectations of 0.5%.
However, core retail sales, ex-autos, rose 0.2%, which matched expecations of 0.2% according to estimates via Finviz.
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 $362.7 billion, an increase of 0.4 percent (±0.5%)* from the previous month, and 5.5 percent (±0.5%) above July 2009. Total sales for the May through July 2010 period were up 5.9 percent (±0.3%) from the same period a year ago. The May to June 2010 percent change was revised from -0.5 percent (±0.5%)* to - 0.3 percent (±0.2%).
Retail trade sales were up 0.4 percent (±0.5%)* from June 2010, and 5.9 percent (±0.7%) above last year. Nonstore retailers sales were up 12.6 percent (±2.5%) from July 2009 and gasoline stations sales were up 12.2 percent (±1.8%) from last year.
Find the official release here.
Read more: http://www.businessinsider.com/retail-sales-rise-for-the-first-time-in-three-months-2010-8#ixzz0wUtqaW00
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