Retail Sales Tumble Most Since January 2016 As Gasoline, Electronics Sales Slump

This is not supposed to happen...

Headline retail sales tumbled 0.3% MoM in May, the biggest drop since January 2016 (and all the weather-related malarkey that was blamed on).

Core retail sales also dropped the same...

Retail sales less autos fell 0.3% in May, notably worse than the expectation of a 0.1% rise.

  • Retail sales forecast range -0.3% to 0.3% from 79 economists surveyed
  • Retail sales rose 0.4% in April
  • Retail sales fell to $473.808b in May vs $475.009b in April
  • Retail sales ex-auto dealers, building materials and gasoline stations unchanged in May
  • Retail sales ‘control group’ unchanged m/m in May

The breakdown show a big tumble in Electronics and appliance stores, along with gasoline prices.


This is the weakest YoY retail sales growth since the election and continues to signal that despite record high stock market indices, all is not at all well in 'Murica.


ejmoosa small axe Wed, 06/14/2017 - 08:59 Permalink

I've no Iphone.  But where I used to get a new phone every two years(since they seemed to magically start malfunctioning as the two years concluded), my latest Samsung has been working for 3 1/2 years.That has to have a major impact when the replacement cycles for these products get longer and longer.There really are no "can't wait to upgrade" products as we once had.  The game has changed.  And it will never be the same again. 

In reply to by small axe

Ricki13th Wed, 06/14/2017 - 08:54 Permalink

''This is the weakest YoY retail sales growth since the election and continues to signal that despite record high stock market indices, all is not at all well in 'Murica.''Shit hasnt been well in a long ass time. Everything turning to shit as right on cue. Hike those rate Ms. Yellen, I hope she wears purple.

Silverhog Wed, 06/14/2017 - 09:05 Permalink

I just put $1200 into my 2006 Jeep with 140,000+ miles. Just "broken in" compared to how long I'm planning to drive it. Air conditioning does not work, almost like the 1930's again. 

baldknobber Silverhog Wed, 06/14/2017 - 09:30 Permalink

The problem with new cars when the ac goes bad is that they are aerodynamically designed for mileage not air flow . No wing windows,  no true vents the air goes around the car and is noisy as fuck. I remember as kid driving to St. Louis for our once a year Cardinal game ( always a double header) The big 64 Dodge station wagon rolling down the interstate all the windows open, Dad smoking like a chimney and you could still hear each other talk. On the flip side any motor with over 100,000 on it was considered in need of a rebuild

In reply to by Silverhog

spastic_colon Wed, 06/14/2017 - 09:04 Permalink

if there was ever a reason to audit, not only the fed, but every single .gov data anyone really surprised that CPI came in soft?? yet no one will ask why inflation after 9 years is still benign if everything is so great......

Full Court Lug… spastic_colon Wed, 06/14/2017 - 09:13 Permalink

Really revolting how the Fed "can't find any inflation" despite:- Brutally unaffordable housing in every remotely desirable part of the country- 10% YoY increases in healthcare and college costs for practically my whole lifetime, and - A stock market bubble just a couple % from being more overvalued than 2000They are lying out their asses with full mens rea.

In reply to by spastic_colon

sharkalert Wed, 06/14/2017 - 09:10 Permalink

We have entered the "Jimmy Carter MALAISE Days." Until the American Capitalists receive a New Deal from Washington expect all economic activity to continue to soften. Resignation is the sign of the times! 

Last of the Mi… Wed, 06/14/2017 - 09:48 Permalink

The high cost of propping up the stawk market with unlimited QE called PPT along with the Obamacare wealth redistribution act. If we can get a carbon credit tax in the works, everything will be fucking perfect.

Russdiamon Wed, 06/14/2017 - 10:22 Permalink

Some pretty negative news. Right around the time this guy has been calling for a drop, he’s been doing so since awhile ago too. Having him to listen to for market timing is a big help to my trading. You should really see what he’s saying. It’s great stuff.check this out

Silver Savior Wed, 06/14/2017 - 10:32 Permalink

I did my part to contribute to the weak spending numbers. Just for the financial system. If an environment is not going to be created where I feel safe spending today and I don't have to worry about losing my ass tomorrow then I will just hoard value. Screw the crony elite!

TrustbutVerify Wed, 06/14/2017 - 10:44 Permalink

Buy an (American-made) car that gets better gas mileage and keep more of your (or someone else's) hard earned money in your bank account - or use it to pay off debt.

gregga777 Wed, 06/14/2017 - 11:41 Permalink

What?  Having 102 MILLION unemployed working age Americans has consequences?  Who would have guessed that?  Well, besides the 90% of Americans who keep getting poorer every year.