FYI: Retail Sales for the month of May were released earlier today and missed expectations for the second straight month. Prior to the last two weaker than expected reports, the two reports before that were right inline with forecasts. Therefore, it has now been over four months since we last saw a stronger than expected retail sales report. In a B.I.G. Tips report just published, we provided our monthly update to the Retail Sales reports, which includes key trends surrounding each month’s release. Just one of the many trends that stuck out this month was that sales in the Electronics and Appliances sector dropped 2.85%. As shown in the chart below, that is the largest monthly decline since March 2010 and the sixth largest m/m decline since data begins in 1992!
Regards,
Ted
https://www.bespokepremium.com/big-tips/b-i-g-tips-retail-sales-miss-estimates-for-second-straight-month/
