May Advance Retail Sales: Weaker Than Forecast [Dow Jones Industrial Average, SPDR S&P Retail (ETF)]

retail etfDoug Short: The Advance Retail Sales Report released this morning shows that sales in May rose 0.3% month-over-month, down from 0.5% in April, which was an upward revision from 0.1%. Core Retail Sales (ex Autos) was up 0.1% in May, down from 0.4% in April, which was an upward revision from 0.0%.

Today’s headline and core numbers were below the Investing.com forecasts, which were 0.6% for Headline and 0.4% for Core.

The first chart below is a log-scale snapshot of retail sales since the early 1990s. I’ve included an inset to show the trend in this indicator over the past several months.

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Here is the Core version, which excludes autos.

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Here is a year-over-year snapshot of overall series.

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