Highlights of the June US report on retail sales:
- Prior headline reading was +0.3% (revised to +0.5%)
- Control group +0.6% vs +0.5% exp
- Prior control group 0.0% (revised to +0.2%)
- Sales ex-autos +0.4% vs +0.5% exp
- Prior ex-autos +0.1% (revised to +0.4%)
- Sales rose in 9 of 13 major categories
The headline is poor but it’s not the story. The revisions were very good and the control group beat expectations, this is good news for the US dollar.
US retail sales 15 07 2014
