Retail Sales In August Rise 0.3%

  • Brian Turner
  • Sep 15, 2022
  • Retail sales advanced after the fall in gasoline price allowed consumers to increase purchases of food and beverages and other items. Motor vehicle sales rose.

    Retail sales in August rose 0.3% from July, when sales fell 0.4% after a revision, the U.S. Census Bureau and Commerce Department said Thursday.  

    Advance estimates of U.S. retail and food services sales for August adjusted for seasonal factors and calendar were $683.3 billion, an increase of 0.3% from the previous month, and 9.1% higher from a year ago. 

    July retail sales were revised lower from flat to a decline of 0.4%. 

    Retail sales data are not adjusted for inflation and falling gasoline prices helped consumers to make other purchases. 

    Gasoline stations sales declined 4.2%, furniture store sales fell 1.3%, and sales at non-store retailers decreased 0.7%. 

    Sales of motor vehicles and parts rose 2.8% from the previous month and 6.7% from a year ago and food and beverages increased 0.5% and 7.2% respectively.

    Excluding gasoline stations, sales increased 0.8%. 

    Core retail sales which exclude automobiles, gasoline, building materials and food services, were flat.

    The September 2022 Advance Monthly Retail report is scheduled for release on October 14, 2022 at 8:30 a.m. EDT.