by Calculated Risk on 12/13/2019 09:16:00 AM
Friday, December 13, 2019
On a monthly basis, retail sales increased 0.3 percent from October to November (seasonally adjusted), and sales were up 3.3 percent from November 2018.
From the Census Bureau report:
Advance estimates of U.S. retail and food services sales for November 2019, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $528.0 billion, an increase of 0.2 percent from the previous month, and 3.3 percent above November 2018. Total sales for the September 2019 through November 2019 period were up 3.5 percent from the same period a year ago. The September 2019 to October 2019 percent change was revised from up 0.3 percent to up 0.4 percent.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 0.1% in November.
The second graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993.
Retail and Food service sales, ex-gasoline, increased by 3.8% on a YoY basis.
The increase in November was below expectations, and sales in September were revised down, and October were revised up.
Posted by Calculated Risk on 12/13/2019 09:16:00 AM