Published: Fri, October 13, 2017
Business | By Max Garcia

September Retail Sales Highest Since 2015

September Retail Sales Highest Since 2015

USA retail sales were lower than expected last month but recovered from the prior month's 0.2% slide.

Retail trade sales were up 1.7% (±0.5%) from August 2017, and up 4.7% (±0.7%) from previous year. Year-over-year core sales increased 4.6%. Total sales for the three-month period between July and September slipped 0.1% compared with a year ago. Without auto sales, the month-over-month increase in overall sales was 1 percent. Adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, retail sales came in at $483.9billion. Non-store (internet) continued to eat the lunch of certain of those losing categories (especially electronics), with sales up 0.5 percent for the month and 9.2 percent for the year.

United States retail sales soared in September led by a surge in those for motor vehicles and parts.

Sales at gasoline stations surged 5.8% during September after growing 4.1% in August. The nine-month total for gas stations is up 8.5% year over year, due largely to higher pump prices. Ex-auto sales had been expected to rise by 0.3 percent. The gains are likely due to recovery work following the hurricanes that struck the Gulf Coast. Furniture and home furnishings stores dropped 0.4% month over month, but rose 1.7% year over year.

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