Updated: 15-Nov-23 09:41 ET
| October Retail Sales |
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| Updated: 15-Nov-23 09:41 ET |
Highlights
- Total retail sales declined 0.1% month-over-month in October (Briefing.com consensus -0.3%) following an upwardly revised 0.9% increase (from 0.7%) in September.
- Excluding autos, retail sales were up 0.1% month-over-month (Briefing.com consensus -0.2%) following an upwardly revised 0.8% increase (from 0.6%) in September.
Key Factors
- Motor vehicles and parts dealer sales declined 1.0% month-over-month after increasing 1.1% in September.
- Furniture and home furnishing store sales declined 2.0% month-over-month following a 0.6% decrease in September.
- Electronics and appliance store sales jumped 0.6% month-over-month following a 0.4% increase in September.
- Building material and garden equipment and supplies dealer sales were down 0.3% month-over-month for the second straight month.
- Gasoline station sales declined 0.3% month-over-month after increasing 1.0% in September.
- Clothing and clothing accessories store sales were flat month-over-month after increasing 0.8% in September.
- General merchandise store sales were down 0.2% month-over-month after increasing 0.4% in September.
- Nonstore retailer sales increased 0.2% month-over-month on the heels of a 1.4% increase in September.
- Food services and drinking places sales rose 0.3% month-over-month following a 1.6% increase in September.
Big Picture
- The key takeaway from the report is that it isn't adjusted for inflation, so it is clear to see that consumer demand for goods in October fell off noticeably from September.
| Category | OCT | SEP | AUG | JUL | JUN |
| Retail Sales | -0.1% | 0.9% | 0.8% | 0.6% | 0.2% |
| Excluding Autos | 0.1% | 0.8% | 0.9% | 0.8% | 0.1% |
| Durable goods | |||||
| Building Materials | -0.3% | -0.3% | 0.6% | 0.1% | -1.3% |
| Autos/parts | -1.0% | 1.1% | 0.4% | -0.3% | 0.5% |
| Furniture | -2.0% | -0.6% | -0.6% | -1.6% | 1.6% |
| Nondurable goods | |||||
| General Merchandise | -0.2% | 0.4% | 0.4% | 1.0% | -0.1% |
| Food | 0.6% | 0.2% | 0.3% | 0.7% | -0.4% |
| Gasoline stations | -0.3% | 1.0% | 6.7% | 0.3% | -1.3% |
| Clothing | 0.0% | -0.8% | 0.7% | 1.2% | 0.2% |
| e*retailing/non-store | 0.2% | 1.4% | 0.4% | 1.7% | 0.8% |
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