Market Updates
U.S. Retail Sales Advanced 1% In June
Brian Turner
15 Jul, 2022
New York City
U.S. stocks advance after retail sales increased more than estimated indicating resilient consumer spending in the face of 4-decade higher inflation.
Retail sales in June rose 1% from the revised 0.1% decline in May, the Commerce Department reported today.
Sales rose 8.4% from a year ago and in the three month period to June surged 8.1% from the same period a year ago.
Monthly sales in May were revised to 0.1% from the 0.3% fall in the previous estimate.
Retail sales are not adjusted for inflation which rose 1.3% from May indicating real retail sales fell.
Stocks advanced sharply after the release of strong retail sales data indicating consumers are resilient despite 4-decade high inflation.
Gasoline sales rose 3.6%, sales at bars and restaurants jumped 1%, furniture and home store sales jumped 1.4%, and online sales jumped 2.2%.
The July 2022 Advance Monthly Retail report is scheduled for release on August 17, 2022 at 8:30 a.m. EDT.
Annual Returns
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|