by Bill McBride on 12/11/2014 08:34:00 AM
Thursday, December 11, 2014
On a monthly basis, retail sales increased 0.7% from October to November (seasonally adjusted), and sales were up 5.1% from November 2013. Sales in October were revised up from 0.3% to 0.5%.
From the Census Bureau report:
The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for November, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $449.3 billion, an increase of 0.7 percent from the previous month, and 5.1 percent above November 2013. ... The September to October 2014 percent change was revised from +0.3 percent to +0.5 percent.Click on graph for larger image.
This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).
Retail sales ex-gasoline increase 0.9%.
Retail sales ex-autos increased 0.5%.
The second graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993.
Retail sales ex-gasoline increased by 6.0% on a YoY basis (5.1% for all retail sales).
The increase in November was above consensus expectations of a 0.4% increase. Both September and October were revised up.
This was a strong report.
Posted by Bill McBride on 12/11/2014 08:34:00 AM