Posted By thestatedtruth.com on September 14, 2010

U.S. Retail Sales came essentially in line with consensus at 0.4% versus expectations of 0.3%. The previous number was revised from 0.4% to 0.3%.   Auto sales dropped both M/M and Y/Y.

From the Census Report:

The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for August, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $363.7 billion, an increase of 0.4 percent (±0.5%)* from the previous month, and 3.6 percent (±0.5%) above August 2009. Total sales for the June through August 2010 period were up 4.7 percent (±0.3%) from the same period a year ago. The June to July 2010 percent change was revised from +0.4 percent (±0.5%)* to +0.3 percent (±0.2%).

Retail trade sales were up 0.5 percent (±0.5%)* from July 2010, and 3.7 percent (±0.7%) above last year. Non store (internet) retailers sales were up 10.5 percent (±2.8%) from August 2009 and gasoline stations sales were up 9.6 percent (±1.8%) from last year. 

According to Gallup, consumer spending declined 5.9% on the 14 Day Rolling Average in August from July, and 7.2% on the 3 DRA.

Categories: Commentary, Economy, National News, Wall Street
Tags: retail store sales, retailers