U.S. June Retail Sales Blow By Expectations
July 16, 2021
The U.S. Census Bureau reported advance estimates of U.S. retail and food services sales for June 2021.
Retail sales were up 0.6% last month. Data for May was revised down indicating sales dropping 1.7% instead of falling 1.3% as previously reported. Wall Street expected retail sales dropping 0.4%. Sales ramped up 18.0% compared to June last year and are coming in above pre-pandemic level.
Advance Estimates of U.S. Retail and Food Services
Advance estimates of U.S. retail and food services sales for June 2021, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $621.3 billion, an increase of 0.6 percent (±0.5 percent) from the previous month, and 18.0 percent (±0.7 percent) above June 2020. Total sales for the April 2021 through June 2021 period were up 31.5 percent (±0.5 percent) from the same period a year ago. The April 2021 to May 2021 percent change was revised from down 1.3 percent (±0.5 percent) to down 1.7 percent (±0.3 percent).
Retail trade sales were up 0.3 percent (±0.5 percent)* from May 2021, and up 15.6 percent (±0.7 percent) above last year. Clothing and clothing accessories stores were up 47.1 percent (±2.8 percent) from June 2020, while food services and drinking places were up 40.2 percent (±3.0 percent) from last year.