August Retail Sales Grew 4.1 Percent

WASHINGTON – Retail sales were up 0.4 percent in August seasonally adjusted from July and up 4.6 percent unadjusted year-over-year. The numbers exclude automobile dealers, gasoline stations and restaurants.

The National Retail Federation reports that new 15 percent tariffs on a wide range of consumer goods from China took effect September 1 and are scheduled to be expanded to additional goods on December 15, covering a total of about $300 billion in imports. In addition, 25 percent tariffs already in effect on $250 billion worth of imports are set to increase to 30 percent on October 15.

As of August, the three-month moving average was up 4.1 percent over the same period a year ago, compared with 3.5 percent in July. August’s results build on gains of 0.9 percent month-over-month and 5.5 percent year-over-year in July.

Specifics from key retail sectors during August include:

  • Online and other non-store sales were up 14.3 percent year-over-year and up 1.6 percent month-over-month seasonally adjusted.
  • Grocery and beverage stores were up 4.9 percent year-over-year but down 0.2 percent month-over-month seasonally adjusted.
  • Sporting goods stores were up 3.8 percent year-over-year and up 0.9 percent month-over-month seasonally adjusted.
  • Health and personal care stores were up 2.9 percent year-over-year and up 0.7 percent month-over-month seasonally adjusted.
  • Clothing and clothing accessory stores were up 2.3 percent year-over-year but down 0.9 percent month-over-month seasonally adjusted.
  • General merchandise stores were up 2.2 percent year-over-year but down 0.3 percent month-over-month seasonally adjusted.
  • Furniture and home furnishings stores were down 0.1 percent year-over-year and down 0.5 percent month-over-month seasonally adjusted.
  • Building materials and garden supply stores were down 0.6 percent year-over-year but up 1.4 percent month-over-month seasonally adjusted.
  • Electronics and appliance stores were down 2.9 percent year-over-year and unchanged month-over-month seasonally adjusted.

 

About Arizona Daily Independent News Service 1909 Articles
Under the leadership of Arizona Daily Independent Editor In Chief Huey Freeman, our team of staff reporters work tirelessly to bring the latest, most accurate news to our readers.