Total retail sales for the first eight months of the year increased by 2.08%.
Total retail sales in the US, excluding automobiles and gasoline, saw an increase of 2.11% unadjusted year-on-year in August 2024, according to data from 소비자 뉴스 그리고 Business Channel/National Retail Federation (CNBC/NRF) Retail Monitor.
The growth was 0.45% seasonally adjusted month-on-month.
Core retail sales, which exclude restaurants, also experienced growth, rising by 1.93% year-on-year and 0.17% month-on-month.
Total sales for the first eight months of 2024 increased by 2.08% and core sales were up by 2.33%.
During August 2024, online and other non-store sales rose by 1.49% month-on-month, seasonally adjusted, and 17.03% year-on-year, unadjusted.
Sales in clothing and accessories stores saw a 2.13% month-on-month increase in August and an 11.44% year-on-year uptick.
General merchandise stores enjoyed a 0.28% month-on-month rise and a modest 1.94% year-on-year increase.
Grocery and beverage stores reported a 0.86% month-on-month increase and 2.53% year-on-year growth.
However, not all sectors fared well. Electronics and appliance stores declined, with sales dropping 0.95% month-on-month and by 2.54% year-on-year.
Sales in furniture and home furnishings stores were also down by 0.17% month-on-month, seasonally adjusted, and down 2.57% year-on-year unadjusted.
NRF president and CEO Matthew Shay said: “Retail sales data shows that consumers continued to spend on household priorities in August. This is despite a slowing labour market that is expected to prompt the Fed to finally lower interest rates in September.
“Even with slower employment growth, unemployment is near historical lows and ongoing job and wage gains coupled with lower inflation should keep consumers on a solid footing heading into the holiday season. Lower interest rates take time to trickle down and won’t provide an immediate boost, but should stabilise the economy.”
출처 소매 인사이트 네트워크
면책 조항: 위에 제시된 정보는 Cooig.com과 독립적으로 retail-insight-network.com에서 제공합니다. Cooig.com은 판매자와 제품의 품질과 신뢰성에 대해 어떠한 진술과 보증도 하지 않습니다. Cooig.com은 콘텐츠의 저작권과 관련된 위반에 대한 모든 책임을 명시적으로 부인합니다.
