Retail Sales Unchanged in September


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
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).
emphasis added

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.

Year-over-year change in Retail Sales
Sales in September were below expectations, however sales in July and August were revised up, combined.


Image and article originally from Read the original article here.