The Chicago Fed’s final nowcast of retail & food services sales (ex autos) growth in June is +0.4% MoM and +3.3% YoY, revised up from the preliminary estimate of +0.3% MoM.

• The nowcast is based almost entirely on transaction data (43 bps contribution) while foot traffic & sentiment data offset (-7 bps contribution).
• The nowcast for retail & food services sales (ex autos) price growth is 0.3% MoM and 0.4% YoY, revised up from 0.1% MoM and 0.2% YoY.
• With prices and sales growth about equal, the inflation adjusted rise in retail sales was basically nothing (0.0% MoM).