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U.S. retail sales on the rise again in January, after recent declines
ADVANCE MONTHLY SALES
U.S. Economy
Good news came from the Retail sales report, as it shows improvement after months of deterioration, as rising gasoline prices weren’t enough to choke off U.S. consumers’ demand for cars, clothing and other goods, government data showed.
In January U.S. retail sales soared by 5.3 % on the seasonally adjusted basis, reported by the Commerce Department. Consumer increased spending for variety of goods including, food, cars, gasoline and general merchandise.
Fueled by growing prices, gasoline stations were expected to have a banner month, and they did: Monthly sales jumped 3.99 %.
It seems, that confidence of the Consumers is ot the rise, as they return to shops in January. Improving Retail sales are definitely good sign for the U.S. Economy. As the consumer spending is one of the key drivers of the GDP. U.S. retail and food services sales jumped by 7 % for the year, 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 soared sequentially by 5.9 % on the seasonally adjusted basis, sales grew in electronics and appliance, furniture and home furnishings stores. Online shopping sales fell.
The retail sales bring back the optimism to the markets, as it data breaks the negative trend of economic reports.
Investors and the Federal Reserve usually view the core sales as a better gauge of retail sales because it excludes car sales, which often fluctuate.
The retail sales bring back the optimism to the markets, as it data breaks the negative trend of economic reports.
U.S. retail and food services sales excluding motor vehicle and parts rose by 6 % in the past 12 months.
Sales of essentials continue to grow by higher rate, sale of essentials like groceries and gasoline soared by 4.2 % on the seasonally adjusted basis, food services and drinking places sales rose the most, by 6.93 %. Sale of essentials like food and gasoline dropped by -5.4 % from Jan. 2020.
Ordinarily, rising gas prices take a toll on consumer confidence, but this time it seems that consumers have ignored higher prices at the pump.
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Retail Sales
In January, sales increased 5% at clothing and accessories stores, department stores up 23.5%.
Several other areas with sales growth were 14.7% at electronics and appliance stores, building materials dealers grew by 4.6%, health and personal care stores grew by 1.3%.
Meanwhile, sales fell -100% at internet retailers.
Signs of positive weather impact are evident in seasonally adjusted food services, building materials, garden supplies and sporting goods sales. It will be important to see if these gains are maintained in the months ahead.
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Retail Sales by Category
(In millions $)
ADVANCE
MONTHLY SALES
( in millions $) |
Jan. 2021
adv. |
Dec. 2020
adv. |
Nov. 2020
adv. |
Oct. 2020
adv. |
Sep. 2020
adv. |
| Retail & food services
total |
|
568,215 |
539,670 |
544,641 |
552,484 |
551,934 |
| Total excl. motor
vehicle & parts |
|
449,379 |
424,453 |
431,556 |
437,745 |
437,481 |
| Retail |
|
513,581 |
488,579 |
491,081 |
497,067 |
496,230 |
| GAFO |
|
410,147 |
386,727 |
396,111 |
401,773 |
401,395 |
| Motor vehicle & parts dealers |
|
118,836 |
115,217 |
113,085 |
114,739 |
114,453 |
| Auto & other motor veh. dealers |
|
110,179 |
106,928 |
104,841 |
106,472 |
105,931 |
| Furniture & home furnishings
stores |
|
11,348 |
10,135 |
10,169 |
10,424 |
10,451 |
| Electronics & appliance stores |
|
7,801 |
6,803 |
7,080 |
7,683 |
7,664 |
| Appl. TV & camera |
|
- |
- |
- |
- |
- |
| Computer & software stores |
|
- |
- |
- |
- |
- |
| Building mat. &
garden eq. & supplies dealers |
|
40,055 |
38,276 |
38,067 |
37,843 |
37,809 |
| Building mat. & supplies dealers |
|
- |
33,432 |
33,316 |
33,068 |
32,901 |
| Food & beverage stores |
|
72,020 |
70,322 |
71,306 |
70,277 |
70,897 |
| Grocery stores |
|
64,045 |
62,510 |
63,288 |
62,282 |
62,775 |
| Beer, wine & liquor stores |
|
- |
5,846 |
6,016 |
5,955 |
6,066 |
| Health & personal care stores |
|
31,886 |
31,473 |
31,160 |
31,174 |
31,461 |
| Pharmacies & drug stores |
|
- |
26,700 |
26,394 |
26,459 |
27,187 |
| Gasoline stations |
|
39,232 |
37,726 |
35,445 |
35,972 |
36,086 |
| Clothing & clothing accessories
stores |
|
20,014 |
19,057 |
18,578 |
19,836 |
20,209 |
| Men's clothing stores |
|
- |
- |
- |
- |
359 |
| Women's clothing stores |
|
- |
2,587 |
2,510 |
2,641 |
2,784 |
| Shoe stores |
|
- |
2,527 |
2,371 |
2,644 |
2,700 |
| Sporting goods, hobby, book &
music |
|
8,165 |
7,558 |
7,687 |
7,831 |
7,919 |
| General merchandise stores |
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63,518 |
60,209 |
61,200 |
62,181 |
61,937 |
| Department stores ex. LD |
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10,705 |
8,670 |
9,000 |
9,741 |
10,281 |
| Other general merchandise
stores |
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- |
51,539 |
52,200 |
52,440 |
51,656 |
| Warehouse clubs & superstores |
|
- |
44,209 |
44,531 |
44,604 |
43,852 |
| All other gen. merchandise
stores |
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- |
7,330 |
7,669 |
7,836 |
7,804 |
| Miscellaneous store retailers |
|
12,809 |
12,588 |
11,818 |
11,801 |
11,836 |
| Nonstore retailers |
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- |
71,946 |
78,102 |
79,142 |
77,884 |
| Electronic shopping & mail-order
houses |
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- |
71,946 |
78,102 |
79,142 |
77,884 |
| Food services & drinking places |
|
54,634 |
51,091 |
53,560 |
55,417 |
55,704 |
ADVANCE MONTHLY SALES
( in % Y / Y) |
Jan. 2021
adv. |
Dec. 2020
adv. |
Nov. 2020
adv. |
Oct. 2020
adv. |
Sep. 2020
adv. |
| Retail & food services
total |
7.02 % |
2.14 % |
3.18 % |
4.95 % |
5.1 % |
| Total excl. motor
vehicle & parts |
6.01 % |
0.57 % |
2.79 % |
4.22 % |
4.14 % |
| Retail |
10.49 % |
5.62 % |
6.09 % |
7.81 % |
7.96 % |
| GAFO |
7.93 % |
2.4 % |
5.35 % |
6.67 % |
6.31 % |
| Motor vehicle & parts dealers
|
11.05 % |
8.38 % |
4.02 % |
5.25 % |
4.87 % |
| Auto & other motor veh. dealers
|
11.36 % |
8.89 % |
-2.94 % |
0.08 % |
0.82 % |
| Furniture & home furnishings
stores |
13.57 % |
4.64 % |
3.02 % |
5.92 % |
5.83 % |
| Electronics & appliance stores
|
-4.41 % |
-15.97 % |
-12.4 % |
-5.22 % |
-5.85 % |
| Appl. TV & camera |
- % |
- % |
- % |
- % |
- % |
| Computer & software stores
|
- % |
- % |
- % |
- % |
- % |
| Building mat. &
garden eq. & supplies dealers |
20.4 % |
19.08 % |
20.25 % |
19.72 % |
19.75 % |
| Building mat. & supplies dealers |
- % |
16.87 % |
18.56 % |
18 % |
17.44 % |
| Food & beverage stores |
10.1 % |
6.87 % |
8.97 % |
7.83 % |
8.64 % |
| Grocery stores |
9.35 % |
6.15 % |
8.14 % |
6.83 % |
7.48 % |
| Beer, wine & liquor stores |
- % |
15.79 % |
19.79 % |
19.39 % |
21.34 % |
| Health & personal care stores |
7.5 % |
8.22 % |
6.16 % |
4.87 % |
5.47 % |
| Pharmacies & drug stores |
- % |
11.22 % |
9.47 % |
7.85 % |
10.16 % |
| Gasoline stations |
-10.62 % |
-15.02 % |
-19.14 % |
-17.12 % |
-15.16 % |
| Clothing & clothing accessories
stores |
-11.75 % |
-17.12 % |
-16.64 % |
-11.47 % |
-10.09 % |
| Men's clothing stores |
- % |
- % |
- % |
- % |
- % |
| Women's clothing stores |
- % |
-21.89 % |
-24.21 % |
-20.19 % |
-18.24 % |
| Shoe stores |
- % |
-22.46 % |
-24.59 % |
-15.93 % |
-14.72 % |
| Sporting goods, hobby, book &
music |
25.11 % |
18.71 % |
21.17 % |
19.56 % |
21.98 % |
| General merchandise stores
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5.89 % |
0.51 % |
2.62 % |
4.34 % |
3.89 % |
| Department stores ex. LD |
-2.26 %
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-20.83 %
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-18.32 %
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-12.28 %
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-7.59 %
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| Other general merchandise
stores |
- % |
5.28 % |
7.36 % |
8.14 % |
6.52 % |
| Warehouse clubs & superstores |
- % |
5.45 % |
7.37 % |
7.81 % |
5.98 % |
| All other gen. merchandise
stores |
- % |
4.24 % |
7.32 % |
10.06 % |
9.71 % |
| Miscellaneous store retailers
|
6.29 % |
9.16 % |
0.72 % |
1.75 % |
3.08 % |
| Nonstore retailers |
- % |
22.25 % |
32.22 % |
33.75 % |
30.2 % |
| Electronic shopping & mail-order
houses |
- % |
22.25 % |
32.22 % |
33.75 % |
30.2 % |
| Food services & drinking places
|
-17.36 % |
-22.32 % |
-17.55 % |
-15.23 % |
-14.98 % |
ADVANCE MONTHLY SALES
( in % M / M) |
Jan. 2021
adv. |
Dec. 2020
adv. |
Nov. 2020
adv. |
Oct. 2020
adv. |
Sep. 2020
adv. |
| Retail & food services
total |
5.29 % |
-0.91 % |
-1.42 % |
0.1 % |
2.4 % |
| Total excl. motor
vehicle & parts |
5.87 % |
-1.65 % |
-1.41 % |
0.06 % |
2.17 % |
| Retail |
5.12 % |
-0.51 % |
-1.2 % |
0.17 % |
2.42 % |
| GAFO |
6.06 % |
-2.37 % |
-1.41 % |
0.09 % |
2.19 % |
| Motor vehicle & parts dealers
|
3.14 % |
1.89 % |
-1.44 % |
0.25 % |
3.29 % |
| Auto & other motor veh. dealers
|
3.04 % |
1.99 % |
-1.53 % |
0.51 % |
3.72 % |
| Furniture & home furnishings
stores |
11.97 % |
-0.33 % |
-2.45 % |
-0.26 % |
0.93 % |
| Electronics & appliance stores
|
14.67 % |
-3.91 % |
-7.85 % |
0.25 % |
-1.44 % |
| Appl. TV & camera |
- % |
- % |
- % |
- % |
- % |
| Computer & software stores
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| Building mat. &
garden eq. & supplies dealers |
4.65 % |
0.55 % |
0.59 % |
0.09 % |
0.59 % |
| Building mat. & supplies dealers |
- % |
0.35 % |
0.75 % |
0.51 % |
0.23 % |
| Food & beverage stores |
2.41 % |
-1.38 % |
1.46 % |
-0.87 % |
0.17 % |
| Grocery stores |
2.46 % |
-1.23 % |
1.62 % |
-0.79 % |
0.18 % |
| Beer, wine & liquor stores |
- % |
-2.83 % |
1.02 % |
-1.83 % |
-1.01 % |
| Health & personal care stores |
1.31 % |
1 % |
-0.04 % |
-0.91 % |
1.79 % |
| Pharmacies & drug stores |
- % |
1.16 % |
-0.25 % |
-2.68 % |
3.81 % |
| Gasoline stations |
3.99 % |
6.44 % |
-1.47 % |
-0.32 % |
1.97 % |
| Clothing & clothing accessories
stores |
5.02 % |
2.58 % |
-6.34 % |
-1.85 % |
15.12 % |
| Men's clothing stores |
- % |
- % |
- % |
- % |
- % |
| Women's clothing stores |
- % |
3.07 % |
-4.96 % |
-5.14 % |
9.01 % |
| Shoe stores |
- % |
6.58 % |
-10.33 % |
-2.07 % |
33.4 % |
| Sporting goods, hobby, book &
music |
8.03 % |
-1.68 % |
-1.84 % |
-1.11 % |
8.61 % |
| General merchandise stores
|
5.5 % |
-1.62 % |
-1.58 % |
0.39 % |
1.6 % |
| Department stores ex. LD |
23.47 % |
-3.67 % |
-7.61 % |
-5.25 % |
9.22 % |
| Other general merchandise
stores |
- % |
-1.27 % |
-0.46 % |
1.52 % |
0.2 % |
| Warehouse clubs &
superstores |
- % |
-0.72 % |
-0.16 % |
1.71 % |
0.31 % |
| All other gen. merchandise
stores |
- % |
-4.42 % |
-2.13 % |
0.41 % |
-0.41 % |
| Miscellaneous store retailers
|
1.76 % |
6.52 % |
0.14 % |
-0.3 % |
1.16 % |
| Nonstore retailers |
- % |
-7.88 % |
-1.31 % |
1.62 % |
2.51 % |
| Electronic shopping & mail-order
houses |
- % |
-7.88 % |
-1.31 % |
1.62 % |
2.51 % |
| Food services & drinking places
|
6.93 % |
-4.61 % |
-3.35 % |
-0.52 % |
2.27 % |
Source: Department of Commerce
• Census.gov
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