by Calculated Threat on 10/17/2024 08:38:00 AM
On a month-to-month foundation, retail gross sales elevated 0.4% from August to September (seasonally adjusted), and gross sales have been up 1.7 p.c from September 2023.
From the Census Bureau report:
Advance estimates of U.S. retail and meals companies gross sales for September 2024, adjusted for seasonal variation and vacation and trading-day variations, however not for value modifications, have been $714.4 billion, a rise of 0.4 p.c from the earlier month, and up 1.7 p.c from September 2023. … The July 2024 to August 2024 p.c change was unrevised from up 0.1 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 (whole and ex-gasoline).
Retail gross sales ex-gasoline was up 0.6% 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 2.9% on a YoY foundation.
The change in gross sales in September was above expectations, and gross sales in July and August have been revised up, mixed.
