Fiper | Retail Sales m/m 15/9/2022

The retail sales statement determines the value of sales at the retail level, and is one of the first indicators published in the month about consumer behavior, and therefore the market is sensitive to any surprises from this report.

US retail sales unexpectedly stopped in July of 2022, disappointing markets that had expected a 0.1% increase as sales fell at gas stations and car dealers. Sales at gas stations fell 1.8% as the gasoline price index fell 7.7%. A decrease was also observed in car and spare parts dealers (-1.6%), clothing and accessory stores (-0.6%) and in supermarkets (-0.5%). On the other hand, sales at retailers outside of stores jumped 2.7%, boosted largely by the Amazon Prime Day event on July 12 and 13. Increases in building materials and garden bonuses were also recorded. and supplies merchants (1.5%), miscellaneous retailers (1.5%), electronics and hardware stores (0.4%), health and personal care stores (0.4%) and in grocery stores (0.2%) where food prices jumped 1.1%. Excluding petrol stations, sales rose 0.2% (versus 0.6% in June). Excluding automobiles, gasoline, building materials and food services, core retail sales increased 0.8% (vs. 0.7%)