US Retail Sales Edge Up 0.1%

Retail sales in the US rose a meager 0.1 percent in September from August of 2015, after showing no growth in the previous period and below market expectations. Sales of automobiles were the main driver of growth, offsetting a deep decline in service station receipts.
US Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com 10/14/2015 1:57:01 PM
Only 5 out of 13 major categories showed growth while 7 fell and 1 was flat. The highest increases were reported for motor vehicle and parts dealers (1.7 percent), clothing and accessories (0.9 percent), sporting goods, hobby, books and music stores (0.9 percent), food services and drinking places (0.7 percent) and furniture stores (0.6 percent) while sales at health and personal care stores were unchanged. 

In contrast, receipts at gasoline stations fell 3.2 percent, the biggest drop. Other decreases were reported for miscellaneous store retailers (-1.3 percent), building material and garden equipment supplies dealers (-0.3 percent), food and beverage stores (-0.3 percent), nonstore retailers (-0.2 percent), electronics and appliance stores (-0.2 percent) and general merchandise stores (-0.1 percent). 

Excluding autos, retail sales fell 0.3 percent, after decreasing a revised 0.1 percent in August (previously reported as 0.3 percent growth). The so-called core retail sales (excluding automobiles, gasoline, building materials and food services) slipped 0.1 percent after a downwardly revised 0.2 percent increase in August.

Year-on-year, retail sales increased 2.4 percent in September. 


US Retail Sales Edge Up 0.1%