by Calculated Danger on 11/15/2024 08:30:00 AM
On a month-to-month foundation, retail gross sales elevated 0.4% from September to October (seasonally adjusted), and gross sales have been up 2.8 p.c from October 2023.
From the Census Bureau report:
Advance estimates of U.S. retail and meals providers gross sales for October 2024, adjusted for seasonal variation and vacation and trading-day variations, however not for value modifications, have been $718.9 billion, a rise of 0.4 p.c from the earlier month, and up 2.8 p.c from October 2023. … The August 2024 to September 2024 p.c change was revised from up 0.4 percen to up 0.8 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 0.4% in October.
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 3.5% on a YoY foundation.
The change in gross sales in October have been above expectations, and gross sales in August and September have been revised up, mixed.
