-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI DATA IMPACT: US Aug Retail Sales +0.6%; Slowest in 4 Mos
The pace of U.S. retail sales slowed markedly in August, growing by a weaker than expected 0.6%, the smallest monthly increase since April, according to figures published Wednesday by the Census Bureau.
Financial markets had expected sales to grow by 1.0%, and July sales were also revised lower to a 0.9% increase. Headline retail sales are up 2.6% from a year earlier, but analysts expect dwindling fiscal support to moderate consumer spending in coming months.
Motor vehicle sales rose 0.2% in August, up from a 1.0% decline in July. From a year earlier, vehicle sales were up 4.5% after a 6.1% year-over-year gain in July. Excluding car sales, retail sales rose 0.7%.
Gas station sales rose 0.4%, slowing from a downward revised 4.4% increase in July (previous +6.2%). Sales at the pump are still 15.4% below year-ago levels. Excluding gas station sales, retail sales were up 0.6% in August. Excluding motor vehicle and gas station sales, total sales rose 0.7%.
Restaurant sales rose 4.7% in August, up from a downward revised 4.1% in July (previous +5.0%), and are still down 15.4% from a year ago. Meanwhile, food and beverage store sales dropped 1.2% over the month, with grocery store sales falling 1.6% after a 0.7% gain in July.
Apparel store sales saw steady growth in August, rising 2.9% after a 2.2% gain in July. But that's a significant downward revision from a 5.7% increase reported last month. Clothing and apparel store sales were still down 20.4% from a year earlier.
Sales at building material and garden equipment stores grew markedly over July, rising 2.0% after falling 2.4%. Furniture and home furnishing store sales were up 2.1% in August.
Electronics and appliance store sales grew 0.8% in August, slowing from July's 20.7% gain.
Sporting goods store sales posted one of the only declines in August, falling 5.7% in August after falling 5.1% in July. Department store sales also fell 2.3%.
Most services spending is not included in the retail sales report.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.