Retail Sales Is The Big Economic Datapoint Coming Up Today

It’s been a while since we got a nice, big economic datapoint.

Last week was exceptionally dry on this front, and yesterday (in the US) there was none.

Today we get retail sales.

Last month saw a sequential contraction of 0.5%. For July, analysts are expecting a modest 0.2% increase.

Here’s a chart of sequential changes going back to the beginning of 2007.

image

Photo: FRED

What’s scarier is if you look at the year-over-year changes.

It’s hard not to worry about the big general trend heading down these days.

image

We’ll have the number LIVE at 8:30 AM ET.

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.

Tagged In

moneygame-us retail