US retail trade rose by 0.2 percent from a month earlier in November 2018, following an upwardly revised 1.1 percent growth in October and matching market expectations. An increase in sales of furniture, electronics and a range of other goods was partially offset by a decline in trade at gasoline stations on cheaper fuel. Retail sales excluding automobiles, gasoline, building materials and food services surged 0.9 percent in November after an upwardly revised 0.7 percent increase in October. Retail Sales MoM in the United States averaged 0.36 percent from 1992 until 2018, reaching an all time high of 6.70 percent in October of 2001 and a record low of -3.90 percent in November of 2008.

Retail Sales MoM in the United States is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales MoM in the United States to stand at 0.30 in 12 months time. In the long-term, the U.S. Retail Sales is projected to trend around 0.40 percent in 2020, according to our econometric models.

U.S. Retail Sales
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-14 12:30 PM Retail Sales MoM 0.1% 0.7% 0.4% 0.4%
2018-10-15 12:30 PM Retail Sales MoM 0.1% 0.1% 0.6% 0.3%
2018-11-15 01:30 PM Retail Sales MoM 0.8% -0.1% 0.5% 0.5%
2018-12-14 01:30 PM Retail Sales MoM 0.2% 1.1% 0.2% 0.3%
2019-01-16 01:30 PM Retail Sales MoM 0.2% 0.50%
2019-02-15 01:30 PM Retail Sales MoM
2019-03-14 12:30 PM Retail Sales MoM



US Retail Sales Rise 0.2% in November



US retail trade rose by 0.2 percent from a month earlier in November 2018, following an upwardly revised 1.1 percent growth in October and matching market expectations. An increase in sales of furniture, electronics and a range of other goods was partially offset by a decline in trade at gasoline stations on the back of cheaper fuel prices.

9 of 13 major retail categories showed month-over-month increases.

Sales at furniture & home furniture stores rebounded 1.2 percent (vs -0.5 percent in October) and those at electronics & appliance stores increased 1.4 percent (vs 1.7 percent in October). In addition, online and mail-order retail sales surged 2.3 percent, the largest gain in a year, after a 0.8 percent advance in October; and trade at health & personal care stores jumped 0.9 percent, reversing a 0.1 percent decline in the previous month. Sales also rose at: motor vehicle & parts dealers (0.2 percent vs 1.5 percent); food & beverage stores (0.4 percent vs 0.3 percent); hobby, musical instrument and book stores (0.4 percent vs 1.1 percent); general merchandise stores (0.4 percent vs 0.8 percent); miscellaneous store retailers (0.4 percent vs 2.2 percent).

Meanwhile, receipts at gasoline stations fell 2.3 percent, the biggest drop since May 2017, after rising 3.2 percent in October. Also, sales at building material stores decreased 0.3 percent (vs 1.5 percent in October) and those at clothing & clothing accessories stores went down 0.2 percent (vs 1.3 percent in October).

Excluding automobiles, gasoline, building materials and food services, retail sales surged 0.9 percent in November after an upwardly revised 0.7 percent increase in October.

Year-on-year, retail trade grew 4.2 percent in November, compared with an upwardly revised 4.8 percent rise in the previous month.


US Census Bureau | Joana Ferreira | joana.ferreira@tradingeconomics.com
12/14/2018 2:00:15 PM



United States Consumer Last Previous Highest Lowest Unit
Consumer Confidence 97.50 97.50 111.40 51.70 Index Points [+]
Retail Sales MoM 0.20 1.10 6.70 -3.90 percent [+]
Retail Sales YoY 4.20 4.80 11.20 -11.50 percent [+]
Retail Sales Ex Autos 0.20 1.00 2.60 -4.00 percent [+]
Consumer Spending 12957.22 12842.02 12957.22 1403.69 USD Billion [+]
Disposable Personal Income 15700.50 15650.96 15700.50 351.90 USD Billion [+]
Personal Spending 0.60 0.20 2.80 -2.10 percent [+]
Personal Income 0.50 0.20 4.60 -4.70 percent [+]
Personal Savings 6.20 6.20 17.30 2.20 percent [+]
Consumer Credit 25.38 22.88 118.08 -113.42 USD Billion [+]
Private Sector Credit 9493.05 9446.76 9493.05 39.04 USD Billion [+]
Bank Lending Rate 5.25 5.25 20.50 2.00 percent [+]
Economic Optimism Index 52.60 56.40 62.90 35.80 [+]
Redbook Index 6.60 7.00 7.90 -5.80 percent [+]
Chain Store Sales 3959.00 3812.00 15875.00 3055.00 USD Million [+]
Gasoline Prices 0.67 0.74 0.99 0.32 USD/Liter [+]
Households Debt To GDP 77.30 78.00 98.60 23.80 percent of GDP [+]
Consumer Confidence Current Conditions 113.20 112.50 121.10 57.50 [+]
Consumer Confidence Economic Expectations 80.20 83.90 108.60 44.20 [+]
Consumer Confidence Price Trends 2.70 2.60 10.40 0.40 [+]


U.S. Retail Sales

Retail sales report in the US provides aggregated measure of sales of retail goods and services over a period of a month. There are thirteen major types of retailers: Motor vehicle & parts dealers (around 20 percent of total sales), Food & beverage stores (13%), General merchandise stores (12.5%), Food services & drinking places (11%), Gasoline stations (10%), Nonstore retailers (9.2%), Building material & garden dealers (6%), Health & personal care stores (6%), Clothing & clothing accessories stores (5%), Miscellaneous store retailers (2.3%), Furniture stores (2%), Electronics & appliance stores (2%) and Sporting goods, hobby, book & music stores (1.7%). This page provides - U.S. December Retail Sales Increased More Than Forecast - actual values, historical data, forecast, chart, statistics, economic calendar and news. U.S. Retail Sales - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.20 1.10 6.70 -3.90 1992 - 2018 percent Monthly
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