Friday, December 11, 2015

Retail Sales increased 0.2% in November

by Bill McBride on 12/11/2015 08:39:00 AM

On a monthly basis, retail sales were up 0.2% from October to November (seasonally adjusted), and sales were up 1.4% from November 2014.

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 $448.1 billion, an increase of 0.2 percent from the previous month, and 1.4 percent above November 2014. ... The September 2015 to October 2015 percent change was unrevised from +0.1 percent.
Retail Sales 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 increased 0.3%.

The second graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993.

Year-over-year change in Retail Sales Retail and Food service sales ex-gasoline increased by 3.7% on a YoY basis (1.4% for all retail sales including gasoline).

The increase in November was below expectations of a 0.3% increase.   This was a a somewhat weak headline report, however sales ex-gasoline are still up a decent 3.7% YoY.