Retail Sales

As reported, retail sales posted their largest gain in five months in June. But if you read the report you will find out that most of the higher prices, came from higher gasoline prices.

What was the report showing without gasoline prices? When gasoline and the give-away incentives for the car makers is not counted, retail sales dropped for the 4th consecutive month.

The Redbook data that shows US Retail Sales: Down 1.7% for the first week of July and down 5.7% for the week ending July 11th, both vs. a year ago. "Redbook keeps reporting sharp declines with same-store sales at a year-on-year minus 5.7 percent in the July 11 week. Month-to-date, sales are down 1.7 percent vs. June."

Released on 7/14/2009 8:30:00 AM For June, 2009

	Prior	Consensus	Consensus Range	Actual
Retail Sales - M/M change	0.5 %	0.5 %	0.1 % to 1.0 %	0.6 %
Retail Sales less autos - M/M change	0.5 %	0.6 %	0.2 % to 1.5 %	0.3 %

Released on 7/14/2009 8:55:00 AM For wk7/11, 2009

Prior Actual Store Sales Y/Y change -4.2 % -5.7 %