Advance Monthly Sales for Retail and Food Services, June Report.
Advance estimates of U.S. retail and food services sales for June 2024, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $704.3 billion, virtually unchanged (±0.5 percent)* from the previous month, but up 2.3 percent (±0.5 percent) above June 2023. Total sales for the April 2024 through June 2024 period were up 2.5 percent (±0.5 percent) from the same period a year ago. The April 2024 to May 2024 percent change was revised from up 0.1 percent (±0.4 percent)* to up 0.3 percent (±0.2 percent).
Hard to keep up with the revisions, but here they are (click, to enlarge)...
It doesn't take much effort to see before revisions, the nominal figure is akin to the advance of September, 2023.
However, when adjusted for inflation...
The quantity of goods is flat. Looking at the 12 month moving average, based on inflation adjustments... current is below, and has been for all of 2024.
Not sure where the good news, regarding growth... is to be found. Granted, it has not fallen off a cliff, but "real" growth is not to be found in this report, imho.
There were winners on the month and year, highlighted in green, with losers in red, with all numbers in nominal dollars (thousands).
Clearly, gasoline stations would show a nominal dollar drop, with decrease in pump prices. Food services and drinking places continues to increase.
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