Latest posts about Department of Commerce
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January retail sales numbers are mixed to begin 2024
February 15, 2024
Commerce reported that January retail sales, at $700.3 billion, were off 0.8% compared to December and up 0.6% compared to January 2023. NRF reported that January’s core retail sales, which it bases on Census data and excludes automobile dealers, gasoline stations, and restaurants, fell 0.8%, from December to January, while increasing 2.8% annually.
October retail sales are mixed based on Commerce and NRF data
November 15, 2023
Commerce reported that total October retail sales, at $705.0 billion, were off 0.1% compared to September and posted a 2.5% annual gain. NRF reported that October retail sales, which does not include automobile dealers, gasoline stations, and restaurants, increased 3.1% annually on an unadjusted basis on a three-month moving average through October, while posting a 3.7% annual gain through the first ten months of 2023.
Mild gains for September retail sales, Commerce and NRF data show
October 17, 2023
Commerce reported a gain of 0.7% over August, while NRF sales data increased 0.5% on a seasonally-adjusted basis over August.
January retail sales data is strong to begin 2023
February 15, 2023
Commerce reported that January retail sales—at $697.0 billion—were up 3% compared to January and up 6.4% annually. NRF reported that its calculation of retail sales, which excludes automobile dealers, gasoline stations, and restaurants to focus on core retail, saw January increase 1.5% compared to December and a 4.8% increase on an unadjusted basis annually.
December retail sales are mixed to end 2022, notes Commerce and NRF
January 18, 2023
Commerce reported that December retail sales—at $677.1 billion—fell 1.1% compared to November, while posting a 6.0% annual gain, and NRF reported that December retail sales were off 0.6% on seasonally-adjusted basis compared to November and were up 5% on an unadjusted basis annually.
NRF and Commerce data points to retail sales growth in August
September 15, 2022
Commerce reported that August retail sales—at $683.3 billion—rose 0.3% compared to July. NRF said that in its calculation of retail sales, which excludes automobile dealers, gasoline stations, and restaurants, to focus on core retail, pointed to August retail sales increasing 0.1% over July and up 8% on an unadjusted basis annually.
March retail sales post gains, despite inflation, according to Commerce and NRF data
April 14, 2022
Commerce reported that March retail sales—at $665.7 billion—rose 0.5% compared to February and were up 6.9% annually. NRF said that in its calculation of retail sales, which excludes automobile dealers, gasoline stations, and restaurants, to focus on core retail, pointed to sales being flat on a seasonally adjusted basis from February, while rising 4% on an unadjusted basis annually, with sales off 0.7% sequentially and up 13.2% annually.
October retail sales see strong gains, U.S. Dept. of Commerce and NRF figures show
November 16, 2021
Commerce reported that October retail sales came in at $638.2 billion, marking a 1.7% increase over September’s revised $627.5 billion and a 16.3% annual gain. And it added that total retail sales, from August through October, rose 15.4%.
July retail sales are mixed, according to Commerce and NRF
August 17, 2021
Commerce reported that July retail sales—at $617.7 billion—were off 1.1% compared to June’s revised $624.7 billion and topped July 2020 by 15.8%. And it added that total retail sales from May through July saw a 20.6% annual increase.
Buoyed by solid economic momentum, March retail sales are solid, reports Commerce and NRF
April 15, 2021
Commerce reported that March retail sales—at $619.1 billion—were up 9.8% compared to February, while rising 27.7% annually, and the National Retail Federation reported that its calculation of March retail sales, which excludes automobile dealers, gasoline stations, and restaurants, pointed to a 7.4% seasonally-adjusted increase, from February, and a 17.7% unadjusted annual gain.
January retail sales start 2021 off strong, reports Commerce and NRF
February 17, 2021
Commerce reported that January retail sales—at $568.2 billion—were up 5.3% compared to December and were up 7.4% annually, and NRF reported that its calculation of January retail sales, which excludes automobile dealers, gasoline stations, and restaurants, pointed to a 5.9% gain, for the month, on a seasonally-adjusted basis compared to December and were up 10.7% annually on an unadjusted basis.
October retail sales stay on solid track, reports Commerce and NRF
November 17, 2020
Commerce reported that total October retail sales—at $553.3 billion—were up 0.3% over September and were up 5.7% annually. And NRF’s retail sales data, which excludes automobile dealers, gasoline stations, and restaurants, pointed to October retail sales being up 0.2% on a seasonally-adjusted basis compared to September, with a 10.6% unadjusted annual gain.
Retail sales see solid increases in September, notes Commerce and NRF
October 16, 2020
Commerce reported that total September retail sales—at $549.3 billion—were up 1.9% over August and were up 5.4% annually. And NRF pointed to September retail sales, which were paced by apparel, continuing a V-shaped recovery from the pandemic, with sales growing for the fourth consecutive month.
April retail sales sink to new lows, reports Commerce and NRF
May 15, 2020
April retail sales data, which was issued today by the United States Department of Commerce set records, but not in a good way, as they continued to feel the economic pain of the coronavirus, or COVID-19, pandemic.
March retail sales see deep slide, due to COVID-19, reports Commerce
April 15, 2020
Commerce reported that March retail sales—at $483.1 billion—were down 8.7% compared to February, which represents the single largest annual monthly retail sales decline going back to when this data was first tracked by Commerce in 1992.