Doug 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.
Here is the Core version, which excludes autos.
Here is a year-over-year snapshot of overall series.