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Retail advance less then forecast in October
ADVANCE MONTHLY SALES
U.S. Economy
The retail and food services sales continue to grow but on the slower pace, as the americans shop less over the internet.
U.S. retail sales increased by 0.3 % in October to $553.3 billion on the seasonally adjusted basis, reported by the Commerce Department. Wall Street pays close attention to the retail and food services sales report, as retail sales account for about half of total consumer spending and about a third of final sales in the U.S. economy, so any pullback in spending has broad repercussions.
Higher retail spending, in turn, has spurred companies to boost their inventories in anticipation of rising sales. Sales rose by 5.1 % in the past 12 months, meanwhile sales excluding volatile motor vehicle and parts sales, increased less than overall retail sales, over the last 12 months.
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| Fuels & Transportation |
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Sales excluding motor vehicle and parts increased sequentially smaller than retail and food services sales by 0.2 % to $438.4 billion on the seasonally adjusted basis.
Some economists prefer core sales over the total retail and food services sales, because they believe it provides a better idea of longer-term retail sales trends.
The deceleration in spending is the latest in a series of indicators suggesting the U.S. economy has slowed, at least temporarily.
Excluding the volatile auto sector sales grew by 4.4 % over the past 12 months.
Sales of essentials remained unchanged on the seasonally adjusted basis. Sale of essentials like food and gasoline dropped by -6.5 % to $36.2 billion from Oct. 2019.
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Retail Sales
In October, sales increased 1.2% at electronics and appliance stores, building materials dealers grew by 0.9%.
Meanwhile, sales decreased -100% at internet retailers, clothing and accessories stores -4.2%.
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Retail Sales by Category
(In millions $)
ADVANCE
MONTHLY SALES
( in millions $) |
Oct. 2020
adv. |
Sep. 2020
adv. |
Aug. 2020
adv. |
July 2020
adv. |
June 2020
adv. |
| Retail & food services
total |
|
553,329 |
551,934 |
538,979 |
534,558 |
529,396 |
| Total excl. motor
vehicle & parts |
|
438,414 |
437,481 |
428,170 |
424,894 |
418,653 |
| Retail |
|
497,695 |
496,230 |
484,510 |
482,372 |
479,451 |
| GAFO |
|
402,176 |
401,395 |
392,782 |
389,848 |
385,137 |
| Motor vehicle & parts dealers |
|
114,915 |
114,453 |
110,809 |
109,664 |
110,743 |
| Auto & other motor veh. dealers |
|
106,626 |
105,931 |
102,128 |
101,069 |
101,997 |
| Furniture & home furnishings
stores |
|
10,408 |
10,451 |
10,355 |
10,022 |
9,817 |
| Electronics & appliance stores |
|
7,755 |
7,664 |
7,776 |
7,831 |
6,446 |
| Appl. TV & camera |
|
- |
- |
- |
- |
- |
| Computer & software stores |
|
- |
- |
- |
- |
- |
| Building mat. &
garden eq. & supplies dealers |
|
38,139 |
37,809 |
37,588 |
36,526 |
37,295 |
| Building mat. & supplies dealers |
|
- |
32,901 |
32,825 |
31,861 |
32,537 |
| Food & beverage stores |
|
70,737 |
70,897 |
70,780 |
71,896 |
71,582 |
| Grocery stores |
|
62,532 |
62,775 |
62,660 |
63,916 |
63,551 |
| Beer, wine & liquor stores |
|
- |
6,066 |
6,128 |
5,995 |
6,033 |
| Health & personal care stores |
|
31,415 |
31,461 |
30,907 |
31,129 |
29,696 |
| Pharmacies & drug stores |
|
- |
27,187 |
26,190 |
26,573 |
26,158 |
| Gasoline stations |
|
36,238 |
36,086 |
35,388 |
35,046 |
33,516 |
| Clothing & clothing accessories
stores |
|
19,361 |
20,209 |
17,554 |
17,234 |
16,777 |
| Men's clothing stores |
|
- |
359 |
352 |
395 |
251 |
| Women's clothing stores |
|
- |
2,784 |
2,554 |
2,499 |
2,178 |
| Shoe stores |
|
- |
2,700 |
2,024 |
2,365 |
2,642 |
| Sporting goods, hobby, book &
music |
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7,590 |
7,919 |
7,291 |
7,881 |
8,310 |
| General merchandise stores |
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61,249 |
61,937 |
60,964 |
60,600 |
60,767 |
| Department stores ex. LD |
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9,809 |
10,281 |
9,413 |
9,627 |
9,894 |
| Other general merchandise
stores |
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- |
51,656 |
51,551 |
50,973 |
50,873 |
| Warehouse clubs & superstores |
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- |
43,852 |
43,715 |
43,143 |
42,817 |
| All other gen. merchandise
stores |
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- |
7,804 |
7,836 |
7,830 |
8,056 |
| Miscellaneous store retailers |
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11,724 |
11,836 |
11,700 |
11,426 |
11,060 |
| Nonstore retailers |
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- |
77,884 |
75,978 |
75,712 |
76,928 |
| Electronic shopping & mail-order
houses |
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- |
77,884 |
75,978 |
75,712 |
76,928 |
| Food services & drinking places |
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55,634 |
55,704 |
54,469 |
52,186 |
49,945 |
ADVANCE MONTHLY SALES
( in % Y / Y) |
Oct. 2020
adv. |
Sep. 2020
adv. |
Aug. 2020
adv. |
July 2020
adv. |
June 2020
adv. |
| Retail & food services
total |
5.11 % |
5.1 % |
2.29 % |
1.98 % |
1.8 % |
| Total excl. motor
vehicle & parts |
4.37 % |
4.14 % |
1.8 % |
1.21 % |
0.67 % |
| Retail |
7.95 % |
7.96 % |
4.9 % |
5.02 % |
5.25 % |
| GAFO |
6.78 % |
6.31 % |
3.9 % |
3.45 % |
3.12 % |
| Motor vehicle & parts dealers
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5.41 % |
4.87 % |
1.15 % |
-0.11 % |
1.56 % |
| Auto & other motor veh. dealers
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0.23 % |
0.82 % |
-3.92 % |
-3.13 % |
-2.11 % |
| Furniture & home furnishings
stores |
5.76 % |
5.83 % |
5.78 % |
2.74 % |
0.65 % |
| Electronics & appliance stores
|
-4.33 % |
-5.85 % |
-5.02 % |
-4.48 % |
-20.68 % |
| Appl. TV & camera |
- % |
- % |
- % |
- % |
- % |
| Computer & software stores
|
- % |
- % |
- % |
- % |
- % |
| Building mat. &
garden eq. & supplies dealers |
20.66 % |
19.75 % |
16.96 % |
16.07 % |
19.72 % |
| Building mat. & supplies dealers |
- % |
17.44 % |
14.74 % |
14.01 % |
17.13 % |
| Food & beverage stores |
8.53 % |
8.64 % |
7.71 % |
9.15 % |
10.18 % |
| Grocery stores |
7.26 % |
7.48 % |
6.52 % |
8.38 % |
9.32 % |
| Beer, wine & liquor stores |
- % |
21.34 % |
21.8 % |
19.66 % |
21.24 % |
| Health & personal care stores |
5.69 % |
5.47 % |
4.28 % |
4.47 % |
-0.43 % |
| Pharmacies & drug stores |
- % |
10.16 % |
6.44 % |
8.02 % |
6.49 % |
| Gasoline stations |
-16.51 % |
-15.16 % |
-16.84 % |
-18.45 % |
-20.92 % |
| Clothing & clothing accessories
stores |
-13.59 % |
-10.09 % |
-22.07 % |
-24.16 % |
-25.19 % |
| Men's clothing stores |
- % |
- % |
- % |
- % |
- % |
| Women's clothing stores |
- % |
-18.24 % |
-24.79 % |
-27.19 % |
-36.41 % |
| Shoe stores |
- % |
-14.72 % |
-36.91 % |
-28.16 % |
-18.23 % |
| Sporting goods, hobby, book &
music |
15.88 % |
21.98 % |
12.26 % |
20.89 % |
25.99 % |
| General merchandise stores
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2.77 % |
3.89 % |
1.8 % |
1.13 % |
2.16 % |
| Department stores ex. LD |
-11.67 %
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-7.59 %
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-16.74 %
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-15.84 %
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-12.72 %
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| Other general merchandise
stores |
- % |
6.52 % |
6.12 % |
5.13 % |
5.66 % |
| Warehouse clubs & superstores |
- % |
5.98 % |
5.64 % |
4.36 % |
4.49 % |
| All other gen. merchandise
stores |
- % |
9.71 % |
8.85 % |
9.6 % |
12.37 % |
| Miscellaneous store retailers
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1.09 % |
3.08 % |
0.82 % |
1.57 % |
-1.79 % |
| Nonstore retailers |
- % |
30.2 % |
27.66 % |
28.44 % |
32.89 % |
| Electronic shopping & mail-order
houses |
- % |
30.2 % |
27.66 % |
28.44 % |
32.89 % |
| Food services & drinking places
|
-14.9 % |
-14.98 % |
-16.22 % |
-19.55 % |
-22.58 % |
ADVANCE MONTHLY SALES
( in % M / M) |
Oct. 2020
adv. |
Sep. 2020
adv. |
Aug. 2020
adv. |
July 2020
adv. |
June 2020
adv. |
| Retail & food services
total |
0.25 % |
2.4 % |
0.83 % |
0.98 % |
8.55 % |
| Total excl. motor
vehicle & parts |
0.21 % |
2.17 % |
0.77 % |
1.49 % |
8.5 % |
| Retail |
0.3 % |
2.42 % |
0.44 % |
0.61 % |
6.97 % |
| GAFO |
0.19 % |
2.19 % |
0.75 % |
1.22 % |
7.97 % |
| Motor vehicle & parts dealers
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0.4 % |
3.29 % |
1.04 % |
-0.97 % |
8.75 % |
| Auto & other motor veh. dealers
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0.66 % |
3.72 % |
1.05 % |
-0.91 % |
8.99 % |
| Furniture & home furnishings
stores |
-0.41 % |
0.93 % |
3.32 % |
2.09 % |
35.89 % |
| Electronics & appliance stores
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1.19 % |
-1.44 % |
-0.7 % |
21.49 % |
25.68 % |
| Appl. TV & camera |
- % |
- % |
- % |
- % |
- % |
| Computer & software stores
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| Building mat. &
garden eq. & supplies dealers |
0.87 % |
0.59 % |
2.91 % |
-2.06 % |
1.27 % |
| Building mat. & supplies dealers |
- % |
0.23 % |
3.03 % |
-2.08 % |
0.79 % |
| Food & beverage stores |
-0.23 % |
0.17 % |
-1.55 % |
0.44 % |
-1.49 % |
| Grocery stores |
-0.39 % |
0.18 % |
-1.97 % |
0.57 % |
-1.71 % |
| Beer, wine & liquor stores |
- % |
-1.01 % |
2.22 % |
-0.63 % |
-0.64 % |
| Health & personal care stores |
-0.15 % |
1.79 % |
-0.71 % |
4.83 % |
8.54 % |
| Pharmacies & drug stores |
- % |
3.81 % |
-1.44 % |
1.59 % |
6.57 % |
| Gasoline stations |
0.42 % |
1.97 % |
0.98 % |
4.56 % |
14.94 % |
| Clothing & clothing accessories
stores |
-4.2 % |
15.12 % |
1.86 % |
2.72 % |
101.26 % |
| Men's clothing stores |
- % |
- % |
- % |
- % |
- % |
| Women's clothing stores |
- % |
9.01 % |
2.2 % |
14.74 % |
109.02 % |
| Shoe stores |
- % |
33.4 % |
-14.42 % |
-10.48 % |
85.53 % |
| Sporting goods, hobby, book &
music |
-4.15 % |
8.61 % |
-7.49 % |
-5.16 % |
27.34 % |
| General merchandise stores
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-1.11 % |
1.6 % |
0.6 % |
-0.27 % |
2.2 % |
| Department stores ex. LD |
-4.59 % |
9.22 % |
-2.22 % |
-2.7 % |
17.56 % |
| Other general merchandise
stores |
- % |
0.2 % |
1.13 % |
0.2 % |
-0.33 % |
| Warehouse clubs &
superstores |
- % |
0.31 % |
1.33 % |
0.76 % |
-0.3 % |
| All other gen. merchandise
stores |
- % |
-0.41 % |
0.08 % |
-2.81 % |
-0.49 % |
| Miscellaneous store retailers
|
-0.95 % |
1.16 % |
2.4 % |
3.31 % |
25.16 % |
| Nonstore retailers |
- % |
2.51 % |
0.35 % |
-1.58 % |
-2.59 % |
| Electronic shopping & mail-order
houses |
- % |
2.51 % |
0.35 % |
-1.58 % |
-2.59 % |
| Food services & drinking places
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-0.13 % |
2.27 % |
4.37 % |
4.49 % |
26.42 % |
Source: Department of Commerce
• Census.gov
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