US Retail Sales Unexpectedly Shrink in August


Retail sales in the United States fell 0.2 percent month-over-month in August of 2017, missing market expectations of a 0.1 percent rise and following a downwardly revised 0.3 percent gain in July instead of the initially reported 0.6 percent jump. It is the biggest drop in retail sales since February as auto sales declined 1.6 percent, most likely due to Hurricane Harvey. Excluding autos, retail sales increased 0.2 percent.

5 out of 13 major retail categories declined in August while 9 increased.

Sales went down at motor vehicle and parts dealers (-1.6 percent); nonstore retailers (-1.1 percent); clothing (-1 percent); electronics and appliances (-0.7 percent); building material and garden equipment stores (-0.5 percent). 

In contrast, sales rose in gasoline stations (2.5 percent); miscellaneous store retailers (1.4 percent); furniture and home furniture (0.4 percent); food and beverages (0.3 percent); food services and drinking places (0.3 percent); general merchandise stores (0.2 percent); health and personal care stores (0.1 percent); sporting goods, hobby, book and music stores (0.1 percent).

Excluding automobiles, gasoline, building materials and food services, core retail sales also declined 0.2 percent last month after a 0.6 percent gain in July.

Year-on-year, retail sales rose 3.2 percent. 


US Retail Sales Unexpectedly Shrink in August


US Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com
9/15/2017 1:35:13 PM