United States retail sales jump in September on strong demand for autos

United States retail sales jump in September on strong demand for autos

With gasoline prices showing a substantial increase, the Commerce Department released a report on Friday showing a significant jump in retail sales in the U.S.in the month of September.

That's an increase of 1.6% (±0.5%) from the previous month and 4.4% (±0.7%) higher than September 2016. Data for August was revised to show sales slipping 0.1% instead of the previously reported 0.2% drop. Auto sales totaled $91.19 billion last month on an unadjusted basis, down from $97.14 billion in August and up from $87.28 billion in September 2016. Nonstore retailer sales are up 9.2% year-over-year as online retailers continue to grow their market share.

U.S. retail sales soared in September led by a surge in those for motor vehicles and parts.


Gasoline Stations were up 11.4% (±1.4%) from September2016, while Building Materials and Garden Equipment and Supplies Dealers were up 10.7% (±2.1%) from a year ago.

Electronics stores posted a sales decline of 1.1% month over month and a year-over-year decline of 4.4% in sales. Ex-auto sales had been expected to rise by 0.3 percent. Building materials and garden supplies sales rose 2.1% month over month and 10.7% year over year. Food services and bars saw a sales increase of 0.8% month over month and 2.7% year over year.

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