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Retail sales: Difference between revisions
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=== September 2023 === | === September 2023 === | ||
* Retail sales rose 0.7% last month.Economists polled by Reuters had forecast retail sales rising 0.3% in September. Retail sales are mostly goods and are not adjusted for inflation.<ref>https://www.reuters.com/markets/us/us-retail-sales-beat-expectations-september-core-retail-sales-rise-solidly-2023-10-17/</ref> | |||
* Data for August was revised higher to show sales advancing 0.8% instead of 0.6% as previously reported. | |||
* Sales at auto dealerships accelerated 1.0% last month after rising 0.4% in August. Receipts at gasoline stations climbed 0.9%, reflecting higher pump prices. Excluding motor vehicles and gasoline stations, retail sales rose a solid 0.6%. | |||
* Excluding automobiles, gasoline, building materials and food services, retail sales rose 0.6% in September. Data for August was revised up to show these so-called core retail sales gaining 0.2% instead of 0.1% as previously reported. | |||
* Online sales jumped 1.1% after advancing 0.4% in August. | |||
* Sales at food services and drinking places increased 0.9% after rising 0.4% in August. | |||
* But consumers cut back on purchases of other big-ticket items like electronics and appliances, with sales at these outlets falling 0.8%. Receipts at building material, garden equipment and supplies dealers dropped 0.2%. Furniture store sales were unchanged. Sales at clothing stores declined 0.8%. | |||
== References == | == References == | ||
<references /> | <references /> | ||