by Calculated Risk on 10/15/2012 08:30:00 AM
Monday, October 15, 2012
Retail Sales increased 1.1% in September
On a monthly basis, retail sales were up 1.1% from August to September (seasonally adjusted), and sales were up 5.4% from September 2011. From the Census Bureau report:
The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for September, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $412.9 billion, an increase of 1.1 percent from the previous month and 5.4 percent above September 2011.. ... The July to August 2012 percent change was revised from 0.9 percent to 1.2 percent.
![Retail Sales](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhatjnftWeYDiy_7VQ6JrAXM6WIKwF6S9JRb1jd2L_GvaHXIuyaDDJfanA3ytmOufrCHC6Cn-QbUGJvJsmOVMgPSdE-wnnILeNbMqY_OLAvW8sWGmeingcdar3j38XOZA1CZFK3/s320/RetailSept2012.jpg)
Sales for August were revised up to a 1.2% increase (from 0.9% increase).
This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).
Retail sales are up 24.6% from the bottom, and now 9.0% above the pre-recession peak (not inflation adjusted)
![Retail Sales since 2006](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhtvOKWGHdhQAzhhCqnnObMbrGyi4R8Dwz6f3fq0r7Qj0EGEGmtzFlU03ez4znCgDmJvMxTwICWZrvX_FwLuWVNvlzn2T5kA_eSr17JdDzF6bSg0U7VQHTXCBW2QKUTGaZ2mXT0/s320/RetailShortSept2012.jpg)
Excluding gasoline, retail sales are up 20.9% from the bottom, and now 8.6% above the pre-recession peak (not inflation adjusted).
The third graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993.
Retail sales ex-gasoline increased by 5.3% on a YoY basis (5.4% for all retail sales). Retail sales ex-autos increased 1.1% in September.
![Year-over-year change in Retail Sales](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg0ykAa3OsylsLVp6xVHBLbFkZZxKUDHbZsNiIZH25AIRBsbgh_CYcUenQiVUrM0ts5a1RbN6FdWoeZ6oLlcfZXlmb39tdZdG3h55x72F9YuWOm9uzsRrcHRczejwa1uhAyvUa1/s320/RetailYoYSept2012.jpg)