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

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After the May Consumer Price Index is released on Tuesday, we’ll take a more detailed look at retail sales adjusted both for inflation and population growth.

Bottom Line: The Advance Retail Sales for May, both headline and core, were weaker than expected. However, the Advance numbers are subject to substantial revisions the following month, as we saw illustrated in the upward revisions to last month’s even weaker Advance estimates.

This article is brought to you courtesy of Doug Short from Advisor Perspectives.

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