United States Retail Sales Mom

Last Release

Feb 29, 2024

Actual

0.6

Units In

-1.1

Frequency

Monthly

Next Release

Apr 15, 2024

Time to Release

1 Months 0 Days 2 Hours

Highest	Lowest	Average	Date Range	Source
18.2 May 2020	-14.7 Apr 2020	0.4 %	1992-2024	U.S. Census Bureau

Retail sales report in the US provides aggregated measure of sales of retail goods and services over a period of a month. There are thirteen major types of retailers: Motor vehicle & parts dealers (around 20 percent of total sales), Food & beverage stores (13%), General merchandise stores (12.5%), Food services & drinking places (11%), Gasoline stations (10%), Nonstore retailers (9.2%), Building material & garden dealers (6%), Health & personal care stores (6%), Clothing & clothing accessories stores (5%), Miscellaneous store retailers (2.3%), Furniture stores (2%), Electronics & appliance stores (2%) and Sporting goods, hobby, book & music stores (1.7%).

Latest Updates

Retail sales in the US were up 0.6% month-over-month in February 2024, following an upwardly revised 1.1% fall in January and below market forecasts of a 0.8% gain. The relatively modest increase, combined with a larger decline in January, suggests a potential slowdown in consumer spending. Biggest increases were seen in sales at building materials and garden equipment (2.2%), motor vehicles and part dealers (1.6%) and electronics appliance stores (1.5%). Also, sales at gasoline stations rose 0.9% and other increases were seen at miscellaneous store retailers (0.6%), food services and drinking places (0.4%), general merchandise stores (0.4%) and food and beverages stores (0.1%). On the other hand, a decline was recorded in sales at furniture stores (-1.1%), clothing (-0.5%), health (-0.3%) and nonstore retailers (-0.1%). Excluding food services, auto dealers, building materials stores and gasoline stations, the so-called core retail sales which are used to calculate GDP, were flat.