U.S. Retail Sales Rose 0.5% In July
(For July 2011)
U.S. retail sales were reported up 0.5% in July vs. 0.5% consensus. June reading was at 0.3% (revised from 0.1%). On year level retail sales are up 8.5%.
Most notable gainers: miscellaneous store retailers 2.4%, gasoline stations 1.6%, electronics & appliance stores 1.4%.
Most notable losers: sporting goods, hobby, book & music stores -1.5%, building material & garden equipment -0.4%, food services & drinking places -0.1%.
Autos taken out, the figure was an increase of 0.5% vs. consensus of 0.3%. Prior reading was revised to 0.2% (up 0.2%). On year level retail sales less autos are up 8.6%.
Autos and gas station taken out, the retail sales rose 0.3%. Consensus was at 0.2%. Prior reading was at 0.5% (revised up 0.3%). On year level retail sales less autos and gas stations are up 6.5%.
