Retail sales for June

  • Prior was +0.8% (revised to +1.3%)
  • Ex autos +0.4% vs +0.3% exp
  • Prior ex autos +0.9% (revised to +1.4%)
  • Ex autos and gas +0.3% vs +0.4% exp
  • Prior ex autos and gas +0.8% (revised to +1.3%)
  • Control group 0.0% vs +0.4% exp
  • Prior control group +0.5% (revised to +0.8%)

The revisions are the big story here. They paint a much better picture of May and the consumer in general. The control group, however, is a bit on the soft side and the revision doesn't quite make up the difference.

Overall, there is nothing here to slow down the US dollar.