Retail Sales MoM (month-over-month) is a monthly economic release by the US Census Bureau, which measures the change in retail sales for all types of stores. Higher than expected or rising readings indicate high consumer spending, and are positive for the US Dollar and the US economy as they can lead to a higher economic growth. The readings of consumer spending are one of the inputs used to calculate the Gross Domestic Product of a country, so higher readings have a positive impact on the GDP.
The United States Retail Sales MoM
The United States Retail Sales MoM latest reading for the month of June 2017 was -0.2%, lower than the consensus reading of 0.1%, and lower than the previous reading of -0.1%. For the first semester of the year the Retail Sales MoM had a high reading of 0.5% in January, but ever since the monthly readings are lower, and there are 3 months with negative readings, indicating weak growth for the retail sales. Retail Sales Mom have an average of 0.35% for the period of years 1992-2017, an all-time high reading of 6.70% in October of 2001, and an all-time low reading of -3.70% in October of 2008.
