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Friday, April 26, 2019
HomeNewsEconomyUS Retail Sales Slightly Beat the Forecast for November

US Retail Sales Slightly Beat the Forecast for November

Women shop at a Macy's department store in Roosevelt Field shopping mall in Garden City, New York, U.S., November 24, 2017. (Photo: Reuters)

The advance estimates for U.S. retail sales increased 0.2% for November 2018, and 4.2% since November 2017. Adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, retail sales and services were $513.5 billion.

[su_table responsive=”yes”]

  Prior Prior Revised Consensus Consensus Range Actual
Retail Sales – M/M change 0.8 % 1.1 % 0.1 % -0.2 % to 0.4 % 0.2 %
Retail Sales less autos – M/M change 0.7 % 1.0 % 0.2 % -0.2 % to 0.9 % 0.2 %
Less Autos & Gas – M/M Change 0.3 % 0.7 % 0.4 % 0.1 % to 0.6 % 0.5 %
Control Group – M/M change 0.3 % 0.7 % 0.4 % 0.1 % to 0.5 % 0.9 %

[/su_table]

Total sales for the September 2018 through November 2018 period were up 4.3% from the same period a year ago. The September 2018 to October 2018 percent change was revised from up 0.8% to up 1.1%.

Retail trade sales were up 0.3 percent (±0.5 percent)* from October 2018, and 4.0 percent (±0.5 percent) above last year. Nonstore Retailers were up 10.8 percent (±1.4 percent) from November 2017, while Gasoline Stations were up 8.2 percent (±1.6 percent) from last year.

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PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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