Retail Sales for May dropped .2%, marking the second consecutive month of declining sales. The April report had initially been reported as an increase, but was revised to also reflect a decline of .2%. The reports here in the US have not be...en good and points to more Fed action in the future. We will find out what is in the Fed's mind next week as they meet June 20th.
The retail sales report is a measure of the total receipts of retail stores from samples representing all sizes and kinds of business in retail trade throughout the nation. It is the most timely indicator of broad consumer spending patterns and is adjusted for normal seasonal variation, holidays, and trading-day differences.
The retail sales report is a measure of the total receipts of retail stores from samples representing all sizes and kinds of business in retail trade throughout the nation. It is the most timely indicator of broad consumer spending patterns and is adjusted for normal seasonal variation, holidays, and trading-day differences.
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