Retail Sales MoM measures the monthly change in the total value of sales at the retail level, serving as the primary gauge of consumer spending. Since consumer spending accounts for a significant portion of overall economic activity, this indicator is a critical driver of GDP growth. It provides early insights into household consumption patterns and the underlying strength of the domestic economy.
The data is compiled from a survey of retail firms of various sizes and types. The figure is seasonally adjusted to account for holiday periods and trading day differences, though it is not adjusted for inflation.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Jan 6, 2023 | -0.30 | — | — |
| Dec 5, 2022 | -4.60 | — | — |
| Nov 8, 2022 | 3.90 | — | — |
| Oct 6, 2022 | 0.60 | — | — |
| Sep 5, 2022 | -1.80 | — | — |
| Aug 3, 2022 | 0.20 | — | — |
| Jul 6, 2022 | -2.20 | — | — |
| May 4, 2022 | 1.00 | — | — |
| Apr 7, 2022 | 0.20 | — | — |
| Mar 4, 2022 | -1.00 | — | — |
| Feb 4, 2022 | -2.40 | — | — |
| Jan 7, 2022 | -4.10 | — | — |
| Dec 3, 2021 | -2.80 | — | — |
The latest reading is within its usual range, less than one standard deviation from the mean.
