Retail sales in the US rose 1.6 percent month-over-month in September of 2017, slightly below market expectations of a 1.7 percent but following a revised 0.1 percent fall in August. It is the biggest gain since March 2015 as motor vehicles sales recovered after hurricanes and higher prices boosted receipts at gasoline stations
Excluding motor vehicles and gasoline, sales increased 0.5 percent.
These so-called core retail sales, excluding automobiles, gasoline, building materials and foodservices,increased 0.4 percent last month after being unchanged in August.
8 of 13 major retail categories showed a gain. Receipts at auto dealerships jumped 3.6 percent (1.5 percent in August) as residents replaced flood-damaged motor vehicles. Sales at gasoline stations surged 5.8 percent after a 4.1 percent increase the prior month. Receipt at building materials merchants increased 2.1 percent (0.6 percent in August), the biggest advance since February. Sales at restaurants and bars rose 0.8 percent, the most since January. Purchases also were higher at general merchandise stores, Internet retailers and clothing outlets. In contrast, sales went down at furniture stores; electonics and appliances; health and personal care; sporting goods, hobby, book & music and miscellaneus.
On annual basis, retail sales rose 4.4 percent versus 3.2 repoerted in August.
10/13/2017 12:58:16 PM