by Calculated Risk on 9/16/2021 08:46:00 AM
On a monthly basis, retail sales were increased 0.7% from July to August (seasonally adjusted), and sales were up 15.1 percent from August 2020.
From the Census Bureau report:
and holiday and trading-day differences, but not for price changes, were $618.7 billion, an increase of 0.7
percent from the previous month, and 15.1 percent above August 2020 … The June 2021 to July 2021 percent change was revised from down 1.1 percent to down 1.8 percent.
This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).
Retail sales ex-gasoline were up 0.8% in August.
The second graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993.
Sales in August were above expectations, however sales in June and July were revised down, combined.