Updated: 17-Sep-24 09:22 ET
| August Retail Sales |
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| Updated: 17-Sep-24 09:22 ET |
Highlights
- Total retail sales increased 0.1% month-over-month in August (Briefing.com consensus -0.2%) following an upwardly revised 1.1% increase (from 1.0%) in July.
- Excluding autos, retail sales were also up 0.1% (Briefing.com consensus 0.2%) following an unrevised 0.4% increase in July.
Key Factors
- Motor vehicle and parts dealers sales decreased 0.1% following an upwardly revised 4.4% increase (from 3.6%) in July.
- Gasoline station sales fell 1.2% following an upwardly revised 0.5% increase (from 0.1%) in July.
- Building material and garden equipment and supplies dealers sales rose 0.1% following a downwardly revised 0.8% increase (from 0.9%) in July.
- Furniture and home furnishing store sales dropped 0.7% following an upwardly revised 1.7% increase (from 0.5%) in July.
- Clothing and clothing accessories stores sales slipped 0.7% following an unrevised 0.1% increase in July.
- Electronics and appliance store sales declined 1.1% following a downwardly revised 1.1% increase (from 1.6%) in July.
- General merchandise store sales were down 0.3% following an upwardly revised 0.8% increase (from 0.5%) in July.
- Nonstore retailers sales surged 1.4% following a downwardly revised 0.4% decline (from +0.2%) in July.
- Food services and drinking places sales were flat following a downwardly revised 0.2% increase (from 0.3%) in July.
Big Picture
- The key takeaway from the report is that control group sales -- the component that factors into GDP -- were up a sturdy 0.3% following an upwardly revised 0.4% increase (from 0.3%) in July and 0.9% increase in June. There is no hard landing in those numbers.
| Category | AUG | JUL | JUN | MAY | APR |
| Retail Sales | 0.1% | 1.1% | -0.3% | 0.2% | -0.2% |
| Excluding Autos | 0.1% | 0.4% | 0.5% | 0.0% | 0.1% |
| Durable goods | |||||
| Building Materials | 0.1% | 0.8% | 1.5% | -0.5% | 0.4% |
| Autos/parts | -0.1% | 4.4% | -3.6% | 1.1% | -1.0% |
| Furniture | -0.7% | 1.7% | 0.6% | 0.9% | 1.8% |
| Nondurable goods | |||||
| General Merchandise | -0.3% | 0.8% | 0.0% | 0.1% | -0.9% |
| Food | -0.7% | 0.9% | 0.2% | -0.1% | 0.7% |
| Gasoline stations | -1.2% | 0.5% | -2.1% | -2.2% | 1.6% |
| Clothing | -0.7% | 0.1% | 0.1% | 1.3% | 2.3% |
| e*retailing/non-store | 1.4% | -0.4% | 2.3% | 0.5% | -1.3% |
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