US Retail Sales Beat Forecasts in October


The advance estimates of U.S. retail and food services sales for October, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $428.1 billion, an increase of 0.4 percent from the previous month, and 3.9 percent above October 2012.


The August to September 2013 percent change was revised from -0.1 percent to virtually unchanged. In October, auto and other motor vehicle dealers were up 1.3 percent from a decline of 1.2 percent reported a month earlier. The biggest gains were reported for sales in furniture stores (up 1 percent); electronics and appliances (up 1.4 percent); clothing (up 1.4 percent); sporting goods, hobby, book & music (up 1.6 percent) and food services & drinking place (up 1 percent). In contrast, sales in gasoline stations decreased 0.6 percent and in the building material & garden equipment  & supplies by 1.9 percent.

Total sales for the August through October 2013 period were up 3.9 percent from the same period a year ago.  Auto and other motor vehicle dealers were up 11.9 percent from October of 2012, nonstore retailers were up 8.2 percent.


US Retail Sales Beat Forecasts in October


U.S. Census Bureau | anna@tradingeconomics.com
11/20/2013 1:54:00 PM