Retail Sales in USA
USA - Retail Sales
Retail sales growth edges up in January
Nominal retail sales increased 0.3% month-on-month in seasonally-adjusted terms in January, up from December’s revised 0.2% rise (previously reported: +0.3% month-on-month) and matching market expectations. Retail sales excluding cars, gasoline, building materials and food services—also known as core retail sales as they most closely reflect private consumption in the GDP readings—were flat in January following December’s downwardly revised 0.2% increase.
Despite the decent headline print at the start of the year, it was partially inflated by building material and supplies sales which grew a robust 2.1% in January, likely boosted by an unusually warm winter this year. Moreover, purchases of motor vehicles and parts rebounded in January as did sales at non-store retail, which includes online shopping. Conversely, sales of electronics and appliances; health and personal care; and clothing and accessories all fell in the month. Spending at gasoline stations also dipped amid weaker global crude oil prices.
In annual terms, retail sales growth eased notably to 4.4% in January following December’s over one-year high of 5.5%. Meanwhile, the annual average variation in retail sales edged up to 3.7% in January from 3.5% in December, which represented a seven-month high.
FocusEconomics Consensus Forecast panelists project private consumption to grow 2.2% in 2020, which is unchanged from last month’s forecast. For 2021, the panel sees private consumption increasing 2.0%.
United States - Retail Sales Data
|Retail Sales (annual variation in %)||4.3||2.6||3.0||4.2||4.9|
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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February 14, 2020
Nominal retail sales increased 0.3% month-on-month in seasonally-adjusted terms in January, up from December’s revised 0.2% rise (previously reported: +0.3% month-on-month) and matching market expectations.
February 13, 2020
Consumer prices increased 0.1% over the prior month in January, softer than the 0.2% rise in December and missing market expectations of another 0.2% increase.
February 7, 2020
Non-farm payrolls increased by 225,000 in January, outpacing market expectations of 160,000 new jobs and up from December’s upwardly revised 147,000 gains (previously reported: 145,000).
United States: ISM manufacturing index returns to expansionary territory for first time in 6 months in January
February 3, 2020
The Institute for Supply Management (ISM) manufacturing index rose to 50.9 in January from 47.8 in December, beating market expectations of 48.5 and marking the best performance since last July.
January 30, 2020
Economic growth was stable in the fourth quarter from the third, with GDP growth again clocking in at 2.1% in seasonally-adjusted annualized terms (SAAR), according to an advance GDP estimate released by the Bureau of Economic Analysis.