US Daily Data Recap: Control group sales decent & in line

Research evidence excerpt

US Daily Data Recap: Control group sales decent & in line

Powered by Lab Global16 JulyResearch2026ab Evidence UBS YES

US Daily Data Recap Economics

AmericasControl group sales decent & in line

Amanda Wilcox

Economist

Retail sales at the control group of stores, which feed into GDP, increased 0.5% in June, amanda.wilcox@ubs.com

+1-212-713 3899

in line with our expectations and continuing to show broad-based strength. A 1.9%

increase in nonstore retail sales was potentially boosted by Amazon Prime Day shifting Jonathan Pingle

into June this year. Headline retail sales rose 0.2% in June, though prior months were Economist

revised up by a cumulative 0.4%. The headline was dragged down by a -5.3% decline in jonathan.pingle@ubs.com

+1-212-713 2225

gasoline station sales, reflecting lower fuel prices, but was supported by a 1.9% increase

in motor vehicle and parts sales. Sales at food services and drinking places showed less Alan Detmeister

strength than we thought the world cup might have brought, but the May change was Economist

revised up notably. alan.detmeister@ubs.com

+1-212-713 1222

Abigail WattInitial claims fell -8K to 208K in the week ending July 11, below the recent range, while

the four-week moving average fell to 214K, remaining below year-ago levels. abigail.watt@ubs.com

Continuing claims fell -16K to 1805K in the week ending July 4. Though continuing +1-212-882 6929

claims have edged up from recent lows, overall the relative stability in both initial and

Jalen Nichols

continuing claims suggests labor market conditions remain resilient.

jalen.nichols@ubs.com

The FRB of New York's services survey showed a notable rebound in July, with the +1-212-882 6905

business activity index rising 18.8 points to 8.7, its first expansionary reading since