by Calculated Threat on 9/17/2024 08:30:00 AM
On a month-to-month foundation, retail gross sales elevated 0.1% from July to August (seasonally adjusted), and gross sales have been up 2.1 p.c from August 2023.
From the Census Bureau report:
Advance estimates of U.S. retail and meals providers gross sales for August 2024, adjusted for seasonal variation and vacation and trading-day variations, however not for value modifications, have been $710.8 billion, a rise of 0.1 p.c from the earlier month, and up 2.1 p.c from August 2023. … The June 2024 to July 2024 p.c change was revised from up 1.0 p.c to up 1.1 p.c.
emphasis added
Click on on graph for bigger picture.
This graph reveals retail gross sales since 1992. That is month-to-month retail gross sales and meals service, seasonally adjusted (complete and ex-gasoline).
Retail gross sales ex-gasoline was up 0.1% in August.
The second graph reveals the year-over-year change in retail gross sales and meals service (ex-gasoline) since 1993.
Retail and Meals service gross sales, ex-gasoline, elevated by 3.0% on a YoY foundation.
The change in gross sales in August was barely beneath expectations, nevertheless gross sales in June and July have been revised up, mixed.
