A big disappointment on all measures. Retail sales are down 0.3%, far worse than a rise of 0.2% expected. In addition, this came on top of a downwards revision of May: a gain of only 1% against 1.2% originally reported. Core sales.1%, also worse than +0.5% predicted and also on top of a downwards revision of May: +0.8% instead of +1% initially reported. Excluding gas and autos, we are down 0.2%, and also on top of a downwards revision worth 0.2%.
The US dollar is down across the board.
Read the rest of the article US retail sales fall 0.3% – all negative – USD down