Keeping you up to date on the latest data releases.
- Retail Sales
percent) excluding that category, sales still rose 0.6 percent during the month (its largest monthly increase since March). Over the past three months, retail sales excluding autos has risen at an annualized growth rate of 6.2 percent, slightly below its 12-month percent change of 7.8 percent. Across broad categories, sales were mostly to the upside, with 10 out of 13 posting increases in September. Sales at clothing and clothing accessory stores (up 1.3 percent); gas stations (up 1.2 percent); and food services and drinking places (up 1.2 percent) were the largest gainers in September. There were some slight sales decreases at food and beverage stores (down 0.2 percent); sporting goods, hobby, book and music stores (down 0.3 percent); and building material, garden equipment, and supplies dealers (down 0.1 percent). “Core” retail sales (sales excluding autos, building supplies, and gas stations)—a less noisy indicator of the trend in consumption growth—increased 0.6 percent in September, following an upwardly revised 0.4 percent (from a flat reading) gain in August. The 3-month annualized growth rate in core retail sales rose to 5.6 percent in September, well above its growth rate of 3.4 percent over the three months prior, and is just shy of its 12-month trend of 6.0 percent.