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US Retail Sales MoM fell to 0.2% in June 2026, released July 2026, down 0.8% from May's 1.0% reading. The reading matched the 0.2% consensus. The print is running well below the 12-month average of 0.58%. Over the past 3 months, Retail Sales MoM averaged 1.03%, vs 0.23% in the prior 3-month window. The reading is in the 23rd percentile of the trailing 24-month range.
across last 12 releases
Jul 2026
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/JPY | ▲ Direct | +0.60 | FOREX | Moves with | → View |
| S&P 500 | ▼ Inverse | −0.44 | INDEX | Moves against | → View |
| AUD/USD | ▼ Inverse | −0.40 | FOREX | Moves against | → View |
| NZD/USD | ▼ Inverse | −0.40 | FOREX | Moves against | → View |
| AAPL | ▼ Inverse | −0.34 | STOCKS | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
Retail Sales MoM (United States) was reported at 0.2% in July 2026. This matched the market consensus of 0.2% exactly. The reading fell from the previous value of 1%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 0.44%, ranging from -0.1% to 0.9% across 11 releases. This is classified as a high-impact indicator released on a monthly basis.
The trailing three releases averaged 0.53%, up from the prior three at 0.23%. Volatility over the past year (σ 0.32%) is lower than the prior year (σ 0.44%). In July readings over the past 3 years, Retail Sales MoM has averaged 0.27%.
Historically, this indicator is positively correlated with USD/JPY (Bullish USD). A secondary relationship exists with S&P 500, negatively correlated (Bearish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 0.28%.
The next release is scheduled for August 14, 2026. Same-country events in the next 14 days include Employment Cost Index QoQ (Jul 31) and Employment Cost - Wages QoQ (Jul 31).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
Retail Sales MoM (Month-over-Month) is a key economic indicator that measures the change in the total value of goods and services sold by retail stores in a given month compared to the previous month. This indicator provides valuable insights into consumer spending patterns and overall economic growth, making it a crucial tool for investors, businesses, and policymakers. A positive MoM growth in retail sales indicates a strong consumer demand, while a negative growth may signal a slowdown in economic activity. Retail Sales MoM is widely used to assess the health of the retail sector and its impact on the broader economy.
Consumer activity accounts for the majority of GDP in advanced economies, making spending data a key cyclical signal for retail and discretionary sectors. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
Latest reading (Jun 2026): actual 0.2 %, consensus 0.2 %. Prior reading (May 2026): 0.7 %. Before that (Apr 2026): 0.5 %.
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/JPY (Bullish USD, r=0.60) — a useful reference for forex-focused traders.
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| Wednesday, July 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 14:30 | EIA Crude Oil Stocks Change | -7.167 | 2.011 | -1.3 | -4.23 | Medium | |
| 14:30 | EIA Gasoline Stocks Change | 0.007 | 0.765 | -0.7 | -0.35 | Medium | |
| 14:30 | EIA Distillate Stocks Change | 1.062 | 1.395 | 0.2 | 0.63 | Low | |
| 18:00 | Fed Interest Rate Decision | 3.75 | 3.75 | 3.75 | 3.75 | High | |
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | Personal Income MoM | 0.2 | 0.7 | 0.3 | 0.35 | High | |
| 12:30 | PCE Price Index MoM | -0.1 | 0.5 | -0.1 | -0.10 | Medium | |
| 12:30 | PCE Prices QoQ | 5.1 | 4.6 | 4 | 4.63 | Low | |
| 12:30 | Initial Jobless Claims | 197 | 188 | 200 | 192.75 | Medium | |
| 12:30 | Real Consumer Spending QoQ | 3.2 | 0.5 | 0.4 | 0.85 | Low | |
| 12:30 | PCE Price Index YoY | 3.7 | 4.1 | 3.7 | 3.70 | Medium | |
| 12:30 | GDP Growth Rate QoQ | 1.5 | 2.1 | 2.1 | 1.88 | High | |
| 12:30 | Continuing Jobless Claims | 1782 | 1789 | 1800 | 1786.75 | Low | |
| 12:30 | Gross Domestic Product QoQ | 1.5 | 2.1 | 2.1 | 1.90 | High | |
| 12:30 | Jobless Claims 4-Week Average | 202.75 | 207.75 | 210 | 205.06 | Low | |
| 12:30 | Core PCE Price Index MoM | 0.1 | 0.3 | 0.2 | 0.18 | High | |
| 12:30 | GDP Sales QoQ | 2.2 | 1.9 | 1.4 | 1.82 | Low | |
| 12:30 | Core PCE Price Index YoY | 3.3 | 3.4 | 3.3 | 3.30 | Low | |
| 12:30 | Core PCE Prices QoQ | 3.4 | 4.4 | 3.5 | 3.52 | Low | |
| 12:30 | GDP Price Index QoQ | 6.3 | 3.6 | 3.6 | 4.45 | Medium | |
| 12:30 | Personal Spending MoM | 0.4 | 0.4 | 0.2 | 0.25 | Low | |
| 14:30 | EIA Natural Gas Stocks Change | 28 | 32 | 35 | 33.00 | Low | |