Keeping you up to date on the latest data releases.
- Retail Sales
Total retail sales rose 0.4 percent (nonannualized) in August, after a downwardly revised 0.3 percent gain in July. Auto sales, which bolstered headline gains in July, slipped down 0.7 percent in August, resulting in a 0.6 percent gain in retail sales excluding autos. Increases were seen across most major categories of retail sales during the month, except for losses at furniture stores, electronic and appliance stores, and miscellaneous store retailers. A less-noisy measure of the trend in retail sales—sales excluding autos, building supplies, and gas stations—revealed a modest gain, rising 0.6 percent in August. The series is rising at an annualized rate of 3.5 percent over the last three months, just below its 12 month growth rate of 4.1 percent.