US Retail Sales Rebound in September

Retail sales in the United States increased 0.6 percent on the month in September of 2016, following a downwardly revised 0.2 percent drop in August and in line with market estimates. It is the best performance in three months, mainly boosted by auto sales and spending in grocery stores and gasoline stations.

Sales in gasoline stations recorded the biggest increase (2.4 percent), followed by miscellaneous store retailers (1.8 percent); 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 (1.1 percent); furniture and home furniture stores (1 percent); food services and drinking places (0.8 percent); nonstore retailers (0.3 percent) and food and beverage stores (0.1 percent). 

In contrast, sales were flat in clothing and clothing accessories stores and fell in electronics and appliance stores (-0.9 percent); health and personal care stores (-0.5 percent) and general merchandise stores (-0.4 percent). 

Year-on-year, retail sales increased 2.7 percent, following an upwardly revised 2.1 percent gain in August. 

US Retail Sales Rebound in September

US Census Bureau | Joana Taborda |
10/14/2016 12:53:27 PM