Retail Sales in USA
USA - Retail Sales
Retail sales post quickest growth since February in October
Retail sales increased 1.3% month-on-month in seasonally-adjusted terms in October (September: 0.0% mom). October's print marked the best reading since February, and was above market expectations. Looking at the details of the release, momentum improved in the motor vehicle and parts dealers, food and beverages, non-store retailers and gasoline stations subsectors.
On an annual basis, retail sales grew 8.3% in October, which was below September’s 8.6% expansion. Accordingly, the trend pointed down, with the annual average growth of retail sales coming in at an over one-year low of 11.1% in October, down from September's 11.8% reading.
FocusEconomics Consensus Forecast panelists see private consumption growing 0.6% in 2023, which is down 0.3 percentage points from last month’s forecast. For 2024, the panel sees private consumption increasing 1.3%.
United States - Retail Sales Data
|Retail Sales (annual variation in %)||2.6||3.0||4.3||4.5||3.6|
5 years of economic forecasts for more than 30 economic indicators.
United States Retail Sales Chart
United States Facts
|Bond Yield||1.92||-0.43 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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November 16, 2022
Retail sales increased 1.3% month-on-month in seasonally-adjusted terms in October (September: 0.0% mom).
November 10, 2022
Inflation came in at 7.7% in October, down from September’s 8.2%.
November 4, 2022
Total non-farm payrolls increased by 261,000 in October, down from 315,000 in September but beating market expectations.
November 2, 2022
At its meeting on 1–2 November, the Federal Open Market Committee (FOMC) decided to raise the target range for the federal funds rate by 75 basis points to 3.75–4.00%—the fourth successive 75 basis-point hike. The decision to hike was aimed at containing inflation, which has been running well over the Central Bank’s 2.0% target in recent months due to external price pressures and the tight domestic labor market.
October 27, 2022
GDP rebounded in Q3, expanding 2.6% in seasonally adjusted annualized rate terms (SAAR), contrasting the 0.6% contraction recorded in the second quarter and coming in slightly above market expectations. Household spending increased 1.4% in the third quarter, which was below the second quarter's 2.0% expansion, with consumption likely weighed on somewhat by elevated inflation.