Retail Sales in USA
USA - Retail Sales
Retail sales rebound in August
Retail sales grew 0.7% in month-on-month seasonally-adjusted terms in August, which contrasted July's 1.8% decrease. Looking at the details of the release, August's pick up was broad-based. Food and beverages and general merchandise stores output gained steam, while motor vehicle and parts dealers production contracted at a softer rate. Lastly, non-store retailer sales rose at a stronger rate, while gasoline stations sales moderated.
On an annual basis, retail sales rose 15.1% in August, which matched July’s expansion. Meanwhile, the trend improved significantly, with the annual average growth of retail sales coming in at plus 15.3% in August, up from July's 14.3% reading.
Commenting on August’s print, Francis Généreux, a senior economist at Desjardins, stated:
“The growth in retail sales in August, particularly if we exclude motor vehicles, is encouraging and suggests the new wave of the pandemic is not having a major impact on the economy. This could further reassure Federal Reserve officials.”
FocusEconomics Consensus Forecast panelists see private consumption growing 7.7% in 2021, which is up 0.4 percentage points from last month’s forecast. For 2022, the panel sees private consumption increasing 4.3%.
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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September 22, 2021
At its meeting on 21–23 September, the Federal Open Market Committee (FOMC) decided to hold the target range for the federal funds rate at its effective floor of 0.00%–0.25%, which was widely expected by market analysts.
September 16, 2021
Retail sales grew 0.7% in month-on-month seasonally-adjusted terms in August, which contrasted July's 1.8% decrease.
September 14, 2021
Consumer prices rose a seasonally-adjusted 0.27% from the previous month in August, moderating from July's 0.47% increase.
September 3, 2021
Total non-farm payrolls increased by 235,000 in August, following July’s 1,053,000 increase in payrolls.
September 3, 2021
The Institute for Supply Management (ISM) manufacturing index ticked down to 59.9 in August from 59.5 in July, consequently the index remained well-above the 50-threshold that separates expansion from contraction in the manufacturing sector. August’s slightly stronger expansion was the result of faster growth in new orders and production.