US Retail Sales Fall More than Expected

Retail sales in the United States declined 0.3 percent in August from July of 2016, following an upwardly revised 0.1 percent gain in the previous period. Figures came worse than market expectations of a 0.1 percent fall, mainly due to lower auto sales. Excluding autos, retail sales edged down 0.1 percent.

Sales in miscellaneous store retailers fell the most (-2.4 percent), followed by sporting goods, hobby, book and music stores (-1.4 percent); building material and garden equipment and supplies dealers (-1.4 percent); motor vehicle and parts dealers (-0.9 percent); gasoline stations (-0.8 percent); furniture and home furniture stores (-0.7 percent); nonstore retailers (-0.3 percent) and health and personal care stores (-0.1 percent). Sales at general merchandise stores were flat. 

In contrast, sales rose for food services and drinking places (0.9 percent); clothing (0.7 percent); food and beverages (0.3 percent) and electronics and appliance stores (0.1 percent). 

Year-on-year, retail sales increased 1.9 percent, slowing from an upwardly revised 2.4 percent gain in July. 

US Retail Sales Fall More than Expected

US Census Bureau | Joana Taborda |
9/15/2016 12:59:16 PM