Friday, December 14, 2018

Retail Sales increased 0.2% in November

by Bill McBride on 12/14/2018 08:37:00 AM

On a monthly basis, retail sales increased 0.2 percent from October to November (seasonally adjusted), and sales were up 4.2 percent from November 2017.

From the Census Bureau report:

Advance estimates of U.S. retail and food services sales for November 2018, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $513.5 billion, an increase of 0.2 percent from the previous month, and 4.2 percent above November 2017.
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 0.5% 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 3.6% on a YoY basis.

The increase in November was slightly above expectations; sales in September were revised down, revised up in October.