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ECON: Core Retail Sales in line with Expectations
Posted to: Micro News
Tuesday, October 29, 2013 8:40 AM
- Sept Retail Sales, Excluding Autos +0.4 vs +0.4 Forecast
- Excluding autos/gas/bldg materials +0.4 vs +0.4 forecast
- Overall Retail Sales -0.1 vs +0.1 forecast
- Market Reaction: heading into weaker territory now after stronger territory was given a chance in the first few minutes.
The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for September, adjusted for seasonal
variation and holiday and trading-day differences, but not for price changes, were $425.9 billion, a decrease of 0.1 percent (±0.5%)* from the
previous month, but 3.2 percent (±0.7%) above September 2012. Total sales for the July through September 2013 period were up 4.5 percent
(±0.5%) from the same period a year ago. The July to August 2013 percent change was unrevised from +0.2 percent (±0.2%)*.
Retail trade sales were down 0.2 percent (±0.5%)* from August 2013, but 3.1 percent (±0.7%) above last year. Nonstore retailers were up 8.9
percent (±2.1%) from September 2012 and miscellaneous store retailers were up 6.2 percent (±4.9%) from last year.
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