Updated: 15-Sep-22 09:48 ET
| August Retail Sales |
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| Updated: 15-Sep-22 09:48 ET |
Highlights
- August retail sales were up 0.3% month-over-month (Briefing.com consensus 0.0%) following a downwardly revised 0.4% decline (from 0.0%) in July.
- Excluding autos, retail sales declined 0.3% month-over-month (Briefing.com consensus 0.0%) following a downwardly revised unchanged reading (from +0.4%) for July.
Key Factors
- Motor vehicle and parts dealers sales were up 2.8% month-over-month following a 2.0% decline in July.
- Furniture and home furnishing store sales declined 1.3% month-over-month following a 0.5% decline in July.
- Gasoline station sales were down 4.2% month-over-month after declining 2.3% in July.
- Clothing and clothing accessories store sales rose 0.4% month-over-month after declining 0.8% in July.
- Building material and garden equipment and supplies dealer sales rose 1.1% month-over-month following a 1.3% increase in July.
- Nonstore retailer sales declined 0.7% after increasing 1.8% in July.
- Food services and drinking places sales jumped 1.1% after declining 0.8% in July.
Big Picture
- The key takeaway from the report is that it does not connote much vigor in retail spending activity in August. Retail sales are not adjusted for price changes.
| Category | AUG | JUL | JUN | MAY | APR |
| Retail Sales | 0.3% | -0.4% | 1.0% | 0.4% | 0.7% |
| Excluding Autos | -0.3% | 0.0% | 1.1% | 1.3% | 0.5% |
| Durable goods | |||||
| Building Materials | 1.1% | 1.3% | -0.3% | 0.2% | -0.9% |
| Autos/parts | 2.8% | -2.0% | 0.6% | -3.4% | 1.8% |
| Furniture | -1.3% | -0.5% | -1.2% | -1.1% | 1.5% |
| Nondurable goods | |||||
| General Merchandise | 0.5% | -0.4% | 2.3% | 0.0% | -0.6% |
| Food | 0.5% | 0.1% | 1.1% | 1.1% | 0.0% |
| Gasoline stations | -4.2% | -2.3% | 2.7% | 5.0% | -1.3% |
| Clothing | 0.4% | -0.8% | 0.7% | -1.4% | 0.0% |
| e*retailing/non-store | -0.7% | 1.8% | 0.3% | 2.7% | 1.1% |
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