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Friday, October 15, 2021

Retail Sales Increased 0.7% in September

by Calculated Risk on 10/15/2021 08:38:00 AM

On a monthly basis, retail sales were increased 0.7% from August to September (seasonally adjusted), and sales were up 13.9 percent from September 2020.

From the Census Bureau report:

Advance estimates of U.S. retail and food services sales for September 2021, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $625.4 billion, an increase of 0.7 percent from the previous month, and 13.9 percent above September 2020. ... The July 2021 to August 2021 percent change was revised from up 0.7 percent to up 0.9 percent.
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 0.6% in September.

The stimulus checks boosted retail sales significantly in March and April.

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 12.1% on a YoY basis.

Sales in September were above expectations, and sales in July and August were revised up.