Latest sales numbers from the National Retail Federation
show almost no movement from August. Retail sales in September were down just
0.1 percent seasonally adjusted from August (+ 4.5 percent unadjusted
year-over-year). The numbers exclude automobile dealers, gasoline stations and
restaurants.
According to the U.S. Census Bureau, overall September sales – including auto
dealers, gas stations and restaurants – were down 0.3 percent seasonally
adjusted from August, but up 4.1 percent unadjusted year-over-year.
During September, online and other non-store sales were up 15.6 percent
year-over-year but down 0.3 percent month-over-month seasonally adjusted.
Jack Kleinhenz, NRF chief economist said the pullback in September compared to
August is a possible reaction to increased fears over U.S.-China
tensions.”
Read more about the latest sales numbers from the National Retail Federation on the IDEX website HERE
