US Retail Sales Beat Expectations

Retail sales in the United States increased 0.2 percent in January of 2016 from the previous month, the same as an upwardly revised 0.2 percent growth in December. It was the third straight month of gains as Americans spent more in online and clothing stores and car dealers.

8 out of 13 major categories increased while 4 declined and 1 was flat. The biggest rise was reported for nonstore retailers (1.6 percent); miscellaneous store retailers (1.2 percent); general merchandise stores (0.8 percent); motor vehicle and parts dealers (0.6 percent); building material, garden equipment and supplies dealers (0.6 percent); food and beverages (0.5 percent); clothing and clothing accessories stores (0.2 percent) and electronics and appliance stores (0.1 percent). Sales at health and personal care stores were flat. 

In contrast, sales at gasoline stations shrank the most (-3.1 percent), followed by sales at sporting goods, hobby, book and music stores supplies dealers (-2.1 percent), furniture and home furniture stores (-0.5 percent) and food services and drinking places (-0.5 percent). 

Excluding autos, sales went up 0.1 percent, following an upwardly revised 0.1 percent gain in the previous period. The so-called control group of sales – excluding automobiles, gasoline, building materials and food services – went up 0.6 percent after an unrevised 0.3 percent fall in December. 

Retail sales for the December month have been previously reported as falling 0.2 percent. 

US Retail Sales Beat Expectations

US Census Bureau | Joana Taborda |
2/12/2016 2:45:25 PM