Keeping you up to date on the latest data releases.
- Retail Sales
Total retail sales increased at a nonannualized rate of 0.2 percent in August, the weakest growth the series has seen in the past four months. Year-over-year retail sales are up 4.8 percent. Auto sales were up 0.9 percent in August. Over the past 12 months, retail sales excluding autos have increase 3.3 percent. Contributing to the monthly gain in total sales were furniture and home furnishing stores (up 0.9 percent), motor vehicle and parts (up 0.9 percent), and electronics and appliances (up 0.8 percent). Sectors that saw the largest declines in August were building materials (down 0.9 percent), clothing and accessories (down 0.8 percent), and sporting goods and hobbies (down 0.5 percent). A less volatile indicator of sales growth, “core” retail sales (which excludes sales of autos, building supplies, and gas stations) increased 0.1 percent in August, following an increase of 0.5 percent in July. On a year-over-year basis “core” retail sales are up 4.1 percent.