Retail Sales – October 2014

RetailYoYOct2014Retail sales in October were up despite downward headwinds from lower gasoline prices.

Retail sales in October rebounded 0.3 percent after declining 0.3 percent in September.  Analysts forecast a 0.2 percent rise for October.

Auto sales made a partial rebound of 0.5 percent after a 1.2 percent drop in September and jump of 1.8 percent in August, largely reflecting unit new motor vehicle sales.  Excluding autos, sales gained 0.3 percent after no change in September.  Expectations were for a 0.2 percent boost.

Gasoline station sales fell 1.5 percent in October after decreasing 0.8 percent the prior month.  Excluding both autos and gasoline sales jumped 0.6 percent in October after a 0.1 percent rise the month before.  The median market forecast was for 0.5 percent.

Within the core, moderate strength was seen in nonstore retailers, sporting goods & hobbies, food services & drinking places, and miscellaneous store retailers.   Electronics & appliance stores declined along with department stores.

By | 2014-12-06T14:19:58+00:00 December 6th, 2014|Categories: Coincident Indicators, Economics|Tags: |0 Comments

About the Author:

Bryan Sanford is Vice President and Investment Officer of Charter Trust Company. He joined the firm in 2009 and is based in our Concord NH office. Mr. Sanford received his Bachelors of Science degree from the University of New Hampshire, Durham. Mr. Sanford has held the FINRA Series 7 license. Prior to joining Charter Trust, Mr. Sanford served in the United States Marine Corps as an infantryman. He participated in Operation Iraqi Freedom, touring in Fallujah, Iraq.

Leave A Comment