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October Retail Sales +0.3%; Ex-MV +0.2%

US DATA
MNI (Washington)
  • U.S. retail sales rose by 0.3% in October, below market expectations for a 0.5% gain, according to figures released Tuesday by the Census Bureau.
  • September's larger-than-expected increase was revised down to 1.6% (prev +1.9%).
  • Motor vehicle sales were up 0.4% in October following a 2.9% increase in September. Gas station sales were also up 0.4% after rising 2.0% in September.
  • Excluding motor vehicle sales, retail sales were up 0.2% in October when markets had expected a gain of 0.6%. Excluding motor vehicle and gas station sales, retail sales rose 0.2%, below forecasts for a 0.6% increase.
  • Clothing and clothing accessories store sales plummeted in October, falling by 4.2% after a 8.0% gain in September.
  • Sporting goods store sales also dropped by 4.2% in October. Other notable declines came from general merchandise store sales (-1.1%), furniture and home furnishing store sales (-0.4%), food and beverage store sales (-0.2%), and health and personal care store sales (-0.1%). Restaurant sales were also down -0.1%.
  • Sales at nonstore retailers were up 3.1% in October. Building material and garden equipment store sales rose 0.9% through the month. Sales of electronics were up 1.2%.
MNI Washington Bureau | +1 202-371-2121 | brooke.migdon@marketnews.com
Energy BulletsCommodities
MNI Washington Bureau | +1 202-371-2121 | brooke.migdon@marketnews.com
Energy BulletsCommodities

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