Subscribe eNews Send Us Files Login

eNews Subscribe to eNews

October Retail Sales Grew 4.2% Over Last Year

Tuesday, November 19, 2019

From National Retail Federation

Retail sales in October increased 0.2% seasonally adjusted over September and were up 4.2% unadjusted year-over-year, the National Retail Federation said today. The numbers exclude automobile dealers, gasoline stations, and restaurants.

“Despite the gradual slowdown in the U.S. economy, consumers are in a good place and October’s retail sales are a step forward into the all-important holiday season,” NRF chief economist Jack Kleinhenz said. “Uncertainty around trade policy has impacted consumer sentiment recently, but ongoing job growth, low interest rates, low inflation, and the stock market hitting record highs provide support for consumer spending.”

October’s results make up for most of the 0.3% month-over-month decline seen in September and build on September’s year-over-year increase of 4.1%. As of October, the three-month moving average was up 4.3% over the same period a year ago, compared with 4.7% in September.

Kleinhenz said October’s year-over-year growth was particularly impressive because it compares with October 2018 sales that were up an unusually strong 5.8% over the same month in 2017.

NRF’s numbers are based on data from the U.S. Census Bureau, which said today that overall October sales – including auto dealers, gas stations, and restaurants – were up 0.3% seasonally adjusted from September and up 3.1% unadjusted year-over-year.

Specifics from key retail sectors during October include:

  • Online and other non-store sales were up 14.6% year-over-year and up 0.9% month-over-month seasonally adjusted.
  • Grocery and beverage stores were up 4% year-over-year and up 0.5% month-over-month seasonally adjusted.
  • General merchandise stores were up 1.9% year-over-year and up 0.4% month-over-month seasonally adjusted.
  • Health and personal care stores were up 1.7% year-over-year but unchanged month-over-month seasonally adjusted.
  • Furniture and home furnishings stores were up 1.6% year-over-year but down 0.9% month-over-month seasonally adjusted.
  • Sporting goods stores were up 0.4% year-over-year but down 0.8% month-over-month seasonally adjusted.
  • Building materials and garden supply stores were down 0.2% year-over-year and down 0.5% month-over-month seasonally adjusted.
  • Clothing and clothing accessory stores were down 1.7% year-over-year and down 1% month-over-month seasonally adjusted.

Electronics and appliance stores were down 3% year-over-year and down 0.4% month-over-month seasonally adjusted.

More eNews

Steep Decline in Satisfaction

Wednesday, July 1, 2020

Satisfaction with the way things are going in the United States has plummeted since February, according to a Gallup survey. “The decline since February came in two waves,” Gallup explains....

» Continue

Millennials and COVID-19

Wednesday, July 1, 2020

Millennials are being hit hard by the coronavirus pandemic. According to an analysis by Ana H. Kent of the Federal Reserve Bank of St. Louis, there are three reasons the pandemic may be a devastating setback for the generation....

» Continue

RB Retail & Service Software Acquired by Fullsteam

Monday, June 29, 2020

RB Retail & Service Solutions is pleased to announce it has been acquired and is now a part of Fullsteam, a leading software and technology company that owns several specialty software companies across a diverse range of industries....

» Continue

Treasure Garden Adds To Outdoor Rug Collection

Monday, June 29, 2020

For 2021, the Treasure Garden Outdoor Rug collection of high-quality exterior rugs will expand with the addition of four new designs. Produced in Belgium exclusively for Treasure Garden, these 100% UV stable polypropylene rugs are available in two popular...

» Continue