CONVEX
Past Release · Retail Sales

July 2023 Retail Sales Report

Saturday, July 1, 2023

Retail Sales printed at 589,257, a +0.10% move from the prior reading of 588,670.

589,257
Jul 1
Prior
588,670
Absolute
+587
Percent
+0.10%

What to Watch For

  • Headline retail sales month-over-month
  • Control group month-over-month
  • Revisions to prior month
  • Category detail: online, autos, restaurants
  • Inflation-adjusted (real) retail sales

Expected Market Reaction

Strong control group: consumer discretionary up, rates up. Weak control group: defensives up, rates down, recession pricing increases.

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