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Friday, September 13, 2013

Retail Sales Increased 0.2% in August

Retail sales grew 0.2% in August. August’s report included upward revisions to June and July’s numbers as well, rising to 0.7% and 0.4% respectively. Retail sales are now 4.7% above year ago levels. The strongest growth over year ago levels has been in the last 3 months.



Core sales only grew 0.1% in August, after a much stronger growth in July. The strength in August’s disappointing report came from auto sales and furniture.

Building materials, after surging in July, dropped 0.9% in August. Clothing and accessories also had large declines, dropping 0.8%.

Read the Census report.

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