Retail Sales Rise - Tops Expectations
September 16, 2021
The U.S. Census Bureau announced the following advance estimates of U.S. retail and food services sales for August 2021:
Wall Street was expecting retail sales to decline 0.8%. Excluding autos, the market was looking for sales to register 0.1% gain.
Advance Estimates of U.S. Retail and Food Services
Advance estimates of U.S. retail and food services sales for August 2021, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $618.7 billion, an increase of 0.7 percent (±0.5 percent) from the previous month, and 15.1 percent (±0.7 percent) above August 2020.
Total sales for the June 2021 through August 2021 period were up 16.3 percent (±0.5 percent) from the same period a year ago. The June 2021 to July 2021 percent change was revised from down 1.1 percent (± 0.5 percent) to down 1.8 percent (±0.2 percent).
Retail trade sales were up 0.8 percent (±0.5 percent) from July 2021, and up 13.1 percent (±0.7 percent) above last year. Clothing and clothing accessories stores were up 38.8 percent (±3.3 percent) from August 2020, while gasoline stations were up 35.7 percent (±1.6 percent) from last year.