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.

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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.

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

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