Advance Retail Sales In Line With Expectations, Down 0.2%

Retail Baby Computer Electronics Dixons

Photo: Dixons Retail

UPDATE:

Advance retail sales declined 0.2 per cent in May to $404.6 billion, roughly in line with expectations.

Click here for updates >

However, when excluding auto and gas sales, retail receipts in May missed forecasts, falling 0.1 per cent. Economists polled by Bloomberg had projected a 0.4 per cent gain.

Key numbers:

Advance Retail Sales: -0.2 per cent

Retail Sales Less Autos: -0.4 per cent

Retail Sales Less Autos and Gas: -0.1 per cent

Key output from the report:

Advance Retail Sales

Photo: Census Bureau


ORIGINAL:

Economists expect advance retail sales declined 0.2 per cent in May, reversing a 0.1 per cent gain a month earlier.

The report, due out at 8:30 a.m., is seen weighed down by autos and gas, as price pressure has receded. 

Below, the key expectations:

Advance Retail Sales: -0.2 per cent

Retail Sales Less Autos: 0.0 per cent

Retail Sales Less Autos and Gas: +0.4 per cent

Retail Sales “Control Group”: +0.3 per cent


NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.