Ekonomické zprávy
17.10.2024

U.S. retail sales rise slightly more than anticipated in September

The Commerce Department announced on Thursday that sales at U.S. retailers rose by 0.4 per cent m-o-m in September, following an unrevised 0.1 per cent m-o-m uptick in August. This represented the third straight monthly advance in retail sales. 

Economists had forecast total sales would increase 0.3 per cent m-o-m in September.

According to the report, the September rise in the total retail sales was underpinned by gains in 9 of all 13 retail categories, led by miscellaneous store retailers (+4.0 per cent m-o-m), clothing and clothing accessories stores(+1.5 per cent m-o-m), and health and personal care stores (+1.0 per cent m-o-m). These increases, however, were offset by declines in such 3 categories as electronics and appliance stores (-3.3 per cent m-o-m), gasoline stations (-1.6 per cent m-o-m) and furniture and home furnishings stores (-1.4 per cent m-o-m). Motor vehicle and parts dealers demonstrated no change in retail sales last month.

Excluding auto, retail sales also rose 0.5 per cent m-o-m in September after an upwardly revised 0.2 per cent gain m-o-m (from +0.1 per cent m-o-m) in the previous month, exceeding economists’ forecast of a 0.1 per cent m-o-m increase. 

In y-o-y terms, U.S. retail sales jumped 1.7 per cent in September after an upwardly revised 2.2 per cent surge (from +2.1 per cent) in the previous month. This marked the softest annual increase in retail sales since January (+0.3 per cent y-o-y).

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