US Retail Sales Below Expectations

Retail sales in the United States edged up 0.2 percent in August, slowing from an upwardly revised 0.7 percent rise in July. Figures came slightly below market forecasts, as lower gasoline prices dragged sales at gas stations down.

10 out of 13 major categories showed growth while 3 fell. The highest increases were reported for miscellaneous store retailers (0.9 percent), health and personal care stores (0.8 percent), motor vehicle and parts dealers (0.7 percent), food and beverages stores (0.7 percent), food services and drinking places (0.7 percent), clothing and accessories stores (0.4 percent) and general merchandise stores (0.4 percent). In addition, sales in sporting goods, hobby, book and music stores went up 0.3 percent, those at electronics and appliance stores increased 0.2 percent and sales at nonstore retailers edged up 0.2 percent. 

In contrast, the biggest drop was recorded for gasoline stations and building material and garden equipment and supplies dealers (-1.8 percent each), followed by furniture stores (-0.9 percent). 

Excluding autos, retail sales rose 0.1 percent, down from an upwardly revised 0.6 percent gain in July. Excluding automobiles, gasoline, building materials and food services purchases rose 0.4 percent after a revised 0.6 percent increase in July.

US Retail Sales Below Expectations

US Census Bureau | Joana Taborda |
9/15/2015 2:02:37 PM