US Retail Sales Rise for 2nd Month

Retail sales in the United States increased 0.8 percent month-over-month in October from September of 2016, following an upwardly revised 1 percent rise in the previous period. Figures beat market expectations of a 0.6 percent gain, mainly boosted by sales of motor vehicles.

Sales in miscellaneous store retailers recorded the highest increase (2.4 percent), followed by gasoline stations (2.2 percent); nonstore retailers (1.5 percent); sporting goods, hobby, book and music stores (1.3 percent); motor vehicle and parts dealers (1.1 percent); building material and garden equipment and supplies dealers (1.1 percent); food and beverages stores (0.9 percent); health and personal care stores (0.8 percent); clothing and clothing accessories stores (0.6 percent); general merchandise stores (0.4 percent) and electronics and appliance stores (0.2 percent).

In contrast, sales declined in furniture and home furniture stores (-0.9 percent) and food services and drinking places (-0.7 percent).

Year-on-year, retail sales increased 4.3 percent, following an upwardly revised 3.2 percent gain in September. 

US Retail Sales Rise for 2nd Month

US Census Bureau | Joana Taborda |
11/15/2016 1:51:01 PM