July 2023 Leading Indicators of US Retail Sales: Projecting Low-Single-Digit Growth Amid Marginal Disposable Income Rise

What's Inside

The monthly Coresight Research Leading Indicators of US Retail Sales series tracks several major macroeconomic indicators and their likely effect on US retail sales. This report analyzes the latest available data as of July 26, 2023.

Data in this research report include:

• Proprietary Coresight Research projections for retail sales growth by month for the next 12 months
• US actual retail sales versus model predicted sales
• US unemployment rate and labor force participation rate
• US average hourly wages for all private-sector employees
• US annualized real disposable income per capita

Other relevant research:

• June 2023 Leading Indicators of US Retail Sales: Total Gains To Be in the Low Single Digits Due to Flat Disposable Income Growth
• The Coresight Research US Retail Sales Databank
• Our monthly reports keep you up to date on retail sales (in total and by sector) and key consumer indicators, focusing on China, the UK and the US.