Retail sales in the US went up 0.3% in August from July, following a revised 0.4% fall in the previous month and beating forecasts of a flat reading. Falling gasoline prices allowed consumers to buy other items, with spending rising for motor vehicles (2.8%); miscellaneous stores (1.6%); food services and drinking places (1.1%); building materials and garden equipment (1.1%); sporting goods, hobby, musical instruments and books (0.5%); general merchandise stores (0.5%); food and beverages (0.5%); and clothes (0.4%). On the other hand, sales at gasoline stations were down 4.2%, and decreases were also seen in sales at furniture stores (-1.3%); nonstore retailers (-0.7%); health (-0.6%); and electronics (-0.1%). Excluding gasoline stations, sales rose 0.8%. Core retail sales which exclude automobiles, gasoline, building materials and food services, were unchanged. Retail sales aren’t adjusted for inflation. source: U.S. Census Bureau
Retail Sales MoM in the United States averaged 0.41 percent from 1992 until 2022, reaching an all time high of 18.70 percent in May of 2020 and a record low of -15.20 percent in April of 2020. This page provides - U.S. December Retail Sales Increased More Than Forecast - actual values, historical data, forecast, chart, statistics, economic calendar and news. U.S. Retail Sales - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.
Retail Sales MoM in the United States is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the U.S. Retail Sales is projected to trend around 1.00 percent in 2023 and 0.40 percent in 2024, according to our econometric models.