by Calculated Risk on 10/14/2022 08:37:00 AM
On a monthly basis, retail sales were unchanged from August to September (seasonally adjusted), and sales were up 8.2 percent from September 2021.
From the Census Bureau report:
Advance estimates of U.S. retail and food services sales for September 2022, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $684.0 billion, virtually
unchanged from the previous month, but 8.2 percent above September 2021. … The July 2022 to August 2022 percent change was revised from up 0.3% to up 0.4 percent (±0.2 percent).
Click on graph for larger image.
This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).
Retail sales ex-gasoline were up 0.1% in September.
The second graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993.
Retail and Food service sales, ex-gasoline, increased by 7.2% on a YoY basis.
Sales in September were below expectations, however sales in July and August were revised up, combined.
Image and article originally from www.calculatedriskblog.com. Read the original article here.