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.

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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


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