In August, retail sales expanded 0.9% over the previous month in nominal terms. The figure exceeded both the revised 0.6% expansion recorded in July (previously reported: +0.8% month-on-month) as well as market expectations, which had anticipated retail sales adding 0.8% over the previous month. Eight out of the 13 subcategories composing the index expanded in August, with sales at gasoline stations recording the largest gains. Retail sales excluding autos and gas - a closely watched subcategory within the retail trade index - added a milder 0.1% over the previous month (July: +0.9% month-on-month), undershooting market expectations of a 0.4% increase. In annual terms, retail sales increased 4.7% in August, up from the 3.9% expansion recorded in July. Nevertheless, the trend continues to point down, with annual average growth in retail sales moderating from 6.4% in July to 6.1%. Retail sales are a good indicator for the evolution of consumer spending, a key part of economic growth in the United States, as it accounts for over two thirds of overall GDP.
United States Retail
Retail sales accelerate in August
September 14, 2012
Looking for forecasts related to Retail in United States? Download a sample report now.
United States Economic News
United States: Clinton’s lead over Trump widens but presidential election results are still uncertain
October 20, 2016
Only a few weeks ahead of the 8 November presidential elections, major polls suggest that Hillary Clinton has extended her lead over Donald Trump, but the presidential race will be decided in the most fiercely contested states.
October 14, 2016
In September, nominal retail sales expanded 0.6% over the previous month.
October 7, 2016
Non-farm payrolls grew 156,000 in September, which came in below August’s upwardly-revised increase of 167,000 (previously reported: +151,000).
October 3, 2016
The ISM manufacturing index increased more than expected in September and returned to expansionary territory, after a temporary setback in August.
September 27, 2016
Following an increase in August, when the Conference Board’s consumer confidence index jumped to 101.8 points, consumer sentiment among U.S. households rose further in September.