Posted - Filed under Data News, Retail Sales.

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From the Census Department’s Retail Trade Report:
The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for August, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $447.7 billion, an increase of 0.2 percent (±0.5%)* from the previous month, and 2.2 percent (±0.7%) above August 2014. Total sales for the June 2015 through August 2015 period were up 2.2 percent (±0.5%) from the same period a year ago. The June 2015 to July 2015 percent change was revised from +0.6 percent (±0.5%) to +0.7 percent (±0.1%).   Retail trade sales were up 0.1 percent (±0.5%)* from July 2015, and 1.4 percent (±0.7%) above last year. Food services and drinking places were up 8.2 percent (±3.3%) from August 2014 and nonstore retailers were up 6.9 percent (±1.4%) from last year.
Chart of Retail Sales Growth

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Revisions to the prior two month’s reporting included a change of 0.14% for July , and a change of -0.04% for June . See below. Total sales volume rose by $843 billion , with the biggest contributors being:
  • Gasoline Stations sales fell by $700 billion (-1.8%).
  • Motor Vehicle & Parts Dealers sales rose by $613 billion (0.7%).
  • Building Materials, Garden Eq. & Supply Dealers sales fell by $506 billion (-1.8%).
  • Food & Beverage Stores sales rose by $415 billion (0.7%).
These are shown graphically in the bar chart below.
Chart of Retail Sales Components

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Chart of Revisions to Retail Sales

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Revisions to Prior Months

Retail Sales for July were revised up by $589 billion , changing that month’s reported increase of 0.57% to an increase of 0.71% . June sales were revised down by $194 billion , changing that month’s reported increase of 0.00% to a decrease of 0.04% .
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