Ekonomické zprávy
15.10.2021

U.S. retail sales unexpectedly climb in September

The Commerce Department reported on Friday the sales at U.S. retailers rose 0.7 percent m-o-m in September, following a revised 0.9 percent m-o-m gain in August (originally a 0.7 percent m-o-m increase).

Economists had expected total sales would decline 0.2 percent m-o-m in September.

According to the report, the August increase in retail sales was led by higher sales at sporting goods, music and book stores (+3.7 percent m-o-m), general merchandise stores (+2.0 percent m-o-m), miscellaneous retailers (+1.8 percent m-o-m) and gasoline stations (+1.8 percent m-o-m).

Excluding auto, retail sales went up 0.8 percent m-o-m in September after a revised 2.0 percent m-o-m jump in the previous month (originally a 1.8 percent m-o-m climb), being better than economists’ forecast of a 0.5 percent m-o-m advance.

Meanwhile, closely watched core retail sales, which exclude automobiles, gasoline, building materials and food services, and are used in GDP calculations, rose 0.8 percent m-o-m in September after a revised 2.6 percent m-o-m surge in August (originally a 2.5 percent m-o-m jump).

In y-o-y terms, the U.S. retail sales soared 13.9 percent in September after a revised 15.4 percent jump in the previous month (originally a 15.1 percent climb). This was the smallest gain since February.

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