US Retail Sales Rise More than Expected

US retail trade rose 0.4 percent from a month earlier in August 2019, following a revised 0.8 percent increase in July and beating market expectations of 0.2 percent.
US Census Bureau | Joana Ferreira | 9/13/2019 12:49:20 PM
6 of 13 major retail categories showed month-over-month increases.

Receipts at motor vehicle & parts dealers jumped 1.8 percent in August (vs 0.1 percent in July) and those at building material and gardening equipment stores climbed 1.4 percent (vs 1.0 percent in July). In addition, there was a rebound in sales at health and personal care stores (0.7 percent vs -0.1 percent); hobby, musical instrument and book stores (0.9 percent vs -1.2 percent); and miscellaneous store retailers (0.3 percent vs -0.1 percent). Online and mail-order retail sales continued to increase at a solid pace (1.6 percent vs 1.7 percent).

On the other hand, sales were unchanged at electronics & appliance stores (vs 0.9 percent in July) while receipts at gasoline stations dropped 0.9 percent (vs 1.4 percent in July). Sales also fell at furniture stores (-0.5 percent vs flat reading); food & beverage stores (-0.2 percent vs 1.4 percent); clothing stores (-0.9 percent vs 1.3 percent); general merchandise stores (-0.3 percent vs 0.7 percent); and restaurants and bars (-1.2 percent vs 0.6 percent).

Excluding automobiles, gasoline, building materials and food services, retail sales were 0.3 percent higher last month after a 0.9 percent advance in July.

Year-on-year, retail sales grew 4.1 percent, compared to 3.6 percent in the previous month.

US Retail Sales Rise More than Expected