US Retail Sales Lower than Expected

Retail sales in the US rose a meager 0.1 percent in October from September, after showing no growth in the previous two months. Figures came below market consensus due to an unexpected fall in auto sales. Excluding autos, retail sales rose 0.2 percent, rebounding from an upwardly revised 0.4 percent fall in September

7 out of 13 major categories showed growth while 5 fell and 1 was flat. The highest increases were reported for miscellaneous store retailers (1.8 percent), nonstore retailers (1.4 percent), building material and garden equipment dealers (0.9 percent), health and personal care stores (0.7 percent), food services and drinking places (0.5 percent), sporting goods, hobby, books and music stores (0. percent) and furniture and home furniture stores (0.4 percent). Sales at clothing stores were flat on the month.

In contrast, receipts at gasoline stations fell 0.9 percent, the biggest among stores but lower than a 4 percent drop in September. Other decreases were reported for motor vehicle and parts leaders (-0.5), electronics and appliances stores (-0.4 percent), general merchandise stores (-0.4 percent) and food and beverages stores (-0.3 percent).

Excluding autos, retail sales rose 0.2 percent, after decreasing a revised 0.4 percent in September (previously reported as -0.3 percent). The so-called core retail sales (excluding automobiles, gasoline, building materials and food services) after 0.1 percent rise in September.

Year-on-year, retail sales increased 1.7 percent in October.

US Retail Sales Lower than Expected

US Census Bureau | Joana Taborda |
11/13/2015 1:57:39 PM