US Retail Sales Rise 0.2% in November


US retail trade rose by 0.2 percent from a month earlier in November 2018, following an upwardly revised 1.1 percent growth in October and matching market expectations. An increase in sales of furniture, electronics and a range of other goods was partially offset by a decline in trade at gasoline stations on the back of cheaper fuel prices.

9 of 13 major retail categories showed month-over-month increases.

Sales at furniture & home furniture stores rebounded 1.2 percent (vs -0.5 percent in October) and those at electronics & appliance stores increased 1.4 percent (vs 1.7 percent in October). In addition, online and mail-order retail sales surged 2.3 percent, the largest gain in a year, after a 0.8 percent advance in October; and trade at health & personal care stores jumped 0.9 percent, reversing a 0.1 percent decline in the previous month. Sales also rose at: motor vehicle & parts dealers (0.2 percent vs 1.5 percent); food & beverage stores (0.4 percent vs 0.3 percent); hobby, musical instrument and book stores (0.4 percent vs 1.1 percent); general merchandise stores (0.4 percent vs 0.8 percent); miscellaneous store retailers (0.4 percent vs 2.2 percent).

Meanwhile, receipts at gasoline stations fell 2.3 percent, the biggest drop since May 2017, after rising 3.2 percent in October. Also, sales at building material stores decreased 0.3 percent (vs 1.5 percent in October) and those at clothing & clothing accessories stores went down 0.2 percent (vs 1.3 percent in October).

Excluding automobiles, gasoline, building materials and food services, retail sales surged 0.9 percent in November after an upwardly revised 0.7 percent increase in October.

Year-on-year, retail trade grew 4.2 percent in November, compared with an upwardly revised 4.8 percent rise in the previous month.

US Retail Sales Rise 0.2% in November


US Census Bureau | Joana Ferreira | joana.ferreira@tradingeconomics.com
12/14/2018 2:00:15 PM