Keeping you up to date on the latest data releases.
- Retail Sales
Total retail sales decreased at a nonannualized rate of 0.1 percent in September, while year-over-year retail sales are up 3.2 percent. Auto sales decreased 2.17 percent, but over the past 12 months, retail sales excluding autos increased 0.4 percent. Contributing to the monthly gain in total sales were improvements for food service and drinking places (up 0.9 percent), food and beverages (up 0.9 percent), and electronics and appliances (up 0.7 percent). Sectors that saw the largest declines in September were clothing and accessories (down −0.5) and motor vehicles and parts (down −2.2). A less volatile indicator of sales growth, “core” retail sales (which excludes sales of autos, building supplies, and gas stations) increased 0.4 percent in September, following an increase of 0.1 percent in August.