I sent this out on Twitter already … be sure to be following @ForexLive
Retail Sales for June: +0.6% m/m
- expected +0.3% m/m
- prior was -0.3%, revised from -0.5%
- Retail sales have bounced back in June, coming in at double what the consensus expectation was
- Bouncing back after sentiment had declined following the budget
- It’s the biggest jump since January 2014
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Also:
Retail Sales ex-inflation q/q has come in at -0.2%
- expected was -0.5% q/q
- prior was +1.3%, revised from +1.2%
