US Retail Sales Post Strong Across-the-Board Gains in September

Excluding autos and parts, sales of which soared by 3.6% on the month, total volumes were up by 1.0% at $383.83bn (consensus: 0.9%).

With gasoline prices showing a substantial increase, the Commerce Department released a report on Friday showing a significant jump in retail sales in the the month of September.

The roaring trade in cars, vehicle parts and fuel helped bring retail sales to life after a year of moribund results and could support stronger GDP growth in the third quarter.

Sales were also 4.4 percent above September 2016, and the monthly change from July 2017 to August 2017 was revised from down 0.2 percent to down 0.1 percent. Gasoline Stations were up 11.4% (±1.4%) from September2016, while Building Materials and Garden Equipment and Supplies Dealers were up 10.7% (±2.1%) from past year. Non-store retailers - primarily by e-commerce and catalog businesses - posted a 9.2% increase from September a year ago.

Losing categories were electronics stores, down 1.1 percent for the month and 4.4 percent for the year, and department stores, down 0.4 percent for the month and 0.5 percent for the year. The latter showed the steepest decline, down 5.5%.

The result was also 4.4 percent above September of previous year.



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