Previous News:
December 2019
November 2019
October 2019
September 2019
August 2019
July 2019
June 2019
May 2019
April 2019
March 2019
February 2019
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
May 2016
April 2016
December 2015
March 2015
January 2015
September 2014
August 2014
July 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
January 2013
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011

October Retail Sales Grew 4.2 Percent Over Last Year

Retail sales in October increased 4.2 percent unadjusted year-over-year, the National Retail Federation said today. The numbers exclude automobile dealers, gasoline stations and restaurants.

“Despite the gradual slowdown in the U.S. economy, consumers are in a good place and October’s retail sales are a step forward into the all-important holiday season,” NRF Chief Economist Jack Kleinhenz said. “Uncertainty around trade policy has impacted consumer sentiment recently but ongoing job growth, low interest rates, low inflation and the stock market hitting record highs provide support for consumer spending.”

October’s results make up for most of the 0.3 percent month-over-month decline seen in September and build on September’s year-over-year increase of 4.1 percent. As of October, the three-month moving average was up 4.3 percent over the same period a year ago, compared with 4.7 percent in September.

Kleinhenz said October’s year-over-year growth was particularly impressive because it compares with October 2018 sales that were up an unusually strong 5.8 percent over the same month in 2017.

NRF’s numbers are based on data from the U.S. Census Bureau, which said today that overall October sales – including auto dealers, gas stations and restaurants – were up 0.3 percent seasonally adjusted from September and up 3.1 percent unadjusted year-over-year.

Specifics from key retail sectors during October include:
· Online and other non-store sales were up 14.6 percent year-over-year and up 0.9 percent month-over-month seasonally adjusted.
· Grocery and beverage stores were up 4 percent year-over-year and up 0.5 percent month-over-month seasonally adjusted.
· General merchandise stores were up 1.9 percent year-over-year and up 0.4 percent month-over-month seasonally adjusted.
· Health and personal care stores were up 1.7 percent year-over-year but unchanged month-over-month seasonally adjusted.
· Furniture and home furnishings stores were up 1.6 percent year-over-year but down 0.9 percent month-over-month seasonally adjusted.
· Sporting goods stores were up 0.4 percent year-over-year but down 0.8 percent month-over-month seasonally adjusted.
· Building materials and garden supply stores were down 0.2 percent year-over-year and down 0.5 percent month-over-month seasonally adjusted.
· Clothing and clothing accessory stores were down 1.7 percent year-over-year and down 1 percent month-over-month seasonally adjusted.
· Electronics and appliance stores were down 3 percent year-over-year and down 0.4 percent month-over-month seasonally adjusted.

About The National Retail Federation
The NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private-sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.



AT: 11/22/2019 09:04:44 PM   LINK TO THIS NEWSLETTER
0 Comments:

Post a Comment
 
Comments are closed.
Copyright © 2009 - 2019 The Retail Jeweler.

Sitemap | Privacy Policy