Thursday, December 14, 2017

Retail Sales increased 0.8% in November

by Bill McBride on 12/14/2017 08:53:00 AM

On a monthly basis, retail sales increased 0.8 percent from October to November (seasonally adjusted), and sales were up 5.8 percent from November 2016.

From the Census Bureau report:

Advance estimates of U.S. retail and food services sales for November 2017, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $492.7 billion, an increase of 0.8 percent from the previous month, and 5.8 percent above November 2016 ... The September 2017 to October 2017 percent change was revised from up 0.2 percent to up 0.5 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 were up 0.6% in November.

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 5.0% on a YoY basis.

The increase in November was well above expectations, and sales in September and October were revised up. A solid report.