Tag Archives: retail sales

Consumers Deliver for Halloween

Retail sales rose 0.3% in October, slightly more than expected. U.S. consumers are spending some of the increased income that they are gaining from recent job growth, increased working hours and lower prices at the pump. Indeed, core retail sales, which exclude vehicle and gasoline sales, jumped 0.6% during the month with broad-based gains in [...]

Falling Oil Pushes Down Import Prices

Imports fell 1.3%, due mostly due to a sharp downdraft in energy prices. Energy prices alone fell 6.9% during the month. More worrisome is that import prices excluding oil were also down slightly and have been falling for several months. That reflects the disinflationary effect that a strong dollar is beginning to have on import [...]

Retail Sales Disappoint

Total retail sales slipped 0.3% in September after surging in August. A drop in vehicle sales from a post-recession high was one reason for the weakness. Core retail sales, which exclude the volatile vehicle and gasoline components, also dipped slightly during the month. That was despite a sharp drop in prices at the pump and [...]

Strong Retail Sales Help Dispel Employment Worries

Retail sales jumped 0.6% in August, with strong gains in vehicles, housing-related furniture, appliances and electronics. More importantly, those gains were on top of upward revisions to the month of July which, when combined with improving consumer attitudes about prospects for employment, affirm our view that the initial disappointing employment report for the month of [...]

Retail Sales Flatline in July

Retail sales disappointed again in July, flatlining after rising only 0.2% in June. Declines were in everything from big-ticket durable goods such as vehicles (some of that could be because of the shift from more expensive trucks into less expensive cars), furniture and appliances to the big-box retailers. Even the large discount chains were hit. [...]

Retail Sales Better then Headline Suggests

Retail sales rose a tepid 0.2% in June, but were revised up for the month of May. That is the second month in a row that sales were revised up; it means we are behind the curve on a much-needed catch-up in consumer spending following the winter doldrums. Vehicle sales tumbled,

Retail Sales Buoyed by Revisions

Retail sales rose 0.3% in May, about half of what the market expected. The data for April, however, continued a trend we have seen in recent months; it was revised up. That is good news in that we tend to see the government as needing to catch up on earlier shortfalls in measuring economic activity [...]

Prices Rise on Higher Airfares, Gasoline Prices

The Consumer Price Index (CPI) rose 0.3% in April, driven by outsize gains in gasoline prices (other energy prices dropped during the month), airfares and, to a lesser extent, new and used cars. Food prices also picked up as the effects of the drought out West and late start to the planting season in the [...]

Consumer Pulse Still Beating

Retail sales rose 1.1% in March, following upward revisions to February, as consumers came out of hibernation and began to spend again. Vehicle sales were particularly robust, as consumers returned to dealer showrooms and tapped the pent-up demand built during the worst months of winter. We also saw strong gains in building materials and garden [...]

Retail Sales Warmed up in February

Retail sales rose 0.3% in February as consumers dared to venture out after hibernating for much of January when sales fell even more than expected: 0.6%. Gains in big-ticket items like vehicles and furniture, combined with a comeback for sporting goods (which were hit by weather-related weakness in January), more than offset persistent losses at [...]