Retail sales in September increased 3 percent year-over-year unadjusted, according to calculations released today by the National Retail Federation. The numbers exclude automobiles, gasoline stations and restaurants.
“Retail sales were somewhat softer than expected in September and some of the weakness can be attributed to Hurricane Florence and geopolitical trade concerns,” NRF Chief Economist Jack Kleinhenz said. “Recent solid wage gains and other fundamentals continue to propel spending, which has been supported by tax cuts, saving and access to credit. Today’s numbers confirm an underlying strength in the industry and a solid trajectory as we go into the fourth quarter.”
September sales were up 4.5 percent on a three-month moving average compared with the same period a year ago.
NRF’s numbers are based on data from the U.S. Census Bureau, which released overall September sales – including automobiles, gasoline and restaurants – which were up 0.1 percent seasonally adjusted from August and 4.7 percent above September 2017.
Specifics from key retail sectors during September include:
* Online and other non-store sales were up 8.9 percent unadjusted year-over-year and up 1.1 percent seasonally adjusted from August.
* Electronics and appliance stores sales were up 4.6 percent unadjusted year-over-year and up 0.9 percent seasonally adjusted from August.
* General merchandise stores sales were up 3.5 percent unadjusted year-over-year and up 0.3 percent seasonally adjusted from August.
* Clothing and accessories stores sales were up 3.1 percent unadjusted year-over-year and up 0.5 percent seasonally adjusted from August.
* Food and beverage stores sales were up 2.1 percent unadjusted year-over-year and up 0.2 percent seasonally adjusted from August.
* Health and personal care stores sales were up 1.8 percent unadjusted year-over-year and down 0.3 percent from August.
* Furniture and home furnishings stores sales were up 1.5 percent unadjusted year-over-year and up 1.1 percent seasonally adjusted from August.
* Sporting goods stores sales were down 6.3 percent unadjusted year-over-year and up 0.7 percent seasonally adjusted from August.
About The National Retail Federation
The NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private-sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.
