Commerce Department reported on Thursday the sales at U.S. retailers rose 0.8 percent
m-o-m in August, following a revised 1.8 percent m-o-m fall in July (originally
a 1.1 percent m-o-m decrease).
Economists had expected total sales would decline 0.8 percent m-o-m in August.
According to the report, the August increase in retail sales was led by higher sales at nonstore retailers (+5.3 percent m-o-m), furniture stores (+3.7 percent m-o-m), general merchandise stores (+3.5 percent m-o-m) and food and beverages stores (+1.8 percent m-o-m). These gains, however, were partly offset by a decline in sales at motor vehicles and parts dealers (-3.6 percent m-o-m).
Excluding auto, retail sales surged 1.8 percent m-o-m in August after a revised 1.0 percent m-o-m drop in the previous month (originally a 0.4 percent m-o-m fall), being much better than economists’ forecast of a 0.1 percent m-o-m decrease.
Meanwhile, closely watched core retail sales, which exclude automobiles, gasoline, building materials and food services, and are used in GDP calculations, climbed 2.5 percent m-o-m in August after a revised 1.9 percent m-o-m decline in July (originally a 1.0 percent m-o-m drop).
In y-o-y terms, the U.S. retail sales climb 15.1
percent in August after a revised 15.1 percent surge in the previous month
(originally an15.8 percent jump).
© 2000-2021. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at email@example.com.