US Retail Sales Blow Out 'Experts' Estimates

Thursday, July 17, 2025

Retail sales rebounded in June, an indication that President Trump's tariffs are not significantly impacting consumer spending habits yet. Headline retail sales rose 0.6% in June, above economists' expectations for a 0.1% increase month on month. By comparison, sales decreased 0.9% in May, according to revised Census Bureau data.

Posted by ScottS at 10:30 AM | 4 COMMENTS | permalink | Comment on This Entry |

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Capital Economics North America economist Thomas Ryan wrote in a research note that Thursday's release should "dispel any fears that overall consumer spending is faltering in response to tariffs."

"Delayed tariff price increases and steady income growth continue to fuel spending despite weak survey data indicating building concerns by households," Nationwide senior economist Ben Ayers wrote in a note to clients. "The strong June for retail sales should support a solid rebound for real GDP growth in the second quarter

Also out Thursday morning, data from the Department of Labor showed 221,000 initial jobless claims were filed in the week ending July 12. After picking up in May, weekly filings for unemployment claims are now at their lowest level in three months.

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a 0.1% increase

Massive blow out!!!! /s

#1 | Posted by qcp at 2025-07-17 10:34 AM | Reply

I saw you hiding from the inflation thread.

And now you care celebrating a sad Retail Sales report.

You lost .9% and are now celebrating getting back .6% like its a huge win.

That's not a win. That's not even breaking even.

And this is AFTER the TACO on tariffs.

#2 | Posted by Sycophant at 2025-07-17 10:37 AM | Reply | Newsworthy 2

With this type of economic data, it is difficult to imagine why Pres Trump wants to fire Chmn Powell and cut interest rates by 3%.

#3 | Posted by LampLighter at 2025-07-17 12:17 PM | Reply

"Sales blow out "experts" estimates"

Well, they weren't experts if they didn't expect a surge of buying before tariffs kicked in.

What will the inflation rates be for July and August?

#4 | Posted by Danforth at 2025-07-17 02:09 PM | Reply