Friday, September 13, 2019

Retail Sales increased 0.4% in August

by Calculated Risk on 9/13/2019 08:40:00 AM

On a monthly basis, retail sales increased 0.4 percent from July to August (seasonally adjusted), and sales were up 4.1 percent from August 2018.

From the Census Bureau report:

Advance estimates of U.S. retail and food services sales for August 2019, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $526.1 billion, an increase of 0.4 percent from the previous month, and 4.1 percent above August 2018.
emphasis added
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 August.

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 4.5% on a YoY basis.

The increase in August was slightly above expectations. Sales in June and July were revised up.  Overall a solid report.