Tag Archives: retail sales
The Consumer Price Index (CPI) flattened out the during the last two months as falling prices at the gas pump pulled down the overall index once again. However, we are finally starting to see some firming on a year-over-year basis with the CPI edging up 0.5% from a year ago. The reason is that we [...]
Retail sales rose 0.2% in November, broadly in line with expectations. Excluding automobiles, gasoline, building materials and food services, core sales increased 0.6%.
Retail sales rose a lackluster 0.1% in September, about in line with expectations, with ongoing strength in the vehicle sector offsetting the drag from a drop in gasoline purchases, which may be attributed to another downdraft in prices at the pump. The question is where that “saving” is being spent.
Retail sales rose 0.2% in August on strong vehicle sales and a sharp uptick in spending at restaurants and bars. That could be a sign of a broader gain in spending on services over the summer.
The U.S. consumer entered the third quarter with some momentum, according to the latest report on retail sales. Total sales rose 0.6% in July over June, and are up 2.4% over one year ago. The revision to June, whose reading was originally in negative territory, was to the upside
Retail sales dropped 0.3% in June, as a drop in vehicle sales contributed to weakness across the board. The only categories to post major gains were electronics and appliance stores sales, gasoline station sales, and spending at discount stores. Moreover, sales for the previous month, which had been relatively robust, were revised down slightly. This [...]
Retail sales jumped 1.2% in May from April as hibernating consumers emerged from their caves. Vehicle sales fueled overall gains but were not as strong as we expected, given the near-record, 17.8 million-unit, annualized pace we saw for the month. Incentives were sweetened to drain dealer inventories. Some of the gains we saw also likely [...]
Retail sales jumped 0.9% in March, coming in only slightly below the consensus. Gains were driven by big-ticket spending on vehicles and furniture. Pent-up demand and damages created by unusually harsh winter storms helped to spur the rebound in spending. Building materials and garden stores reported higher sales as the temperatures rose and people emerged [...]
Retail sales fell a disappointing 0.6% in February. Snow days were worse in February than in January (particularly in the South and parts of the West that don’t usually have to deal with snow). The drop in retail sales was driven by a sharp decline in vehicle sales; that also happened last year
Retail sales dropped 0.8% in January, due in part to yet another sharp decline (9.3%) in gasoline station sales, as prices at the gas pump continued to plummet. Big-ticket spending on vehicles, furniture and appliances also slackened from the pace we saw in December.