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September 15, 2022US RETAIL SALES, AUGUST 2022 Month over month (August 2022 vs July 2022, seasonally adjusted)
The US Census Bureau announced today that the advance estimates of U.S retail and food service sales increased 0.3% (+$2.0 billion) to $683.3 billion. Excluding food services and drinking places, retail trade sales increased 0.2% (+$1.1 billion) while food service and drinking places rose 1.1% (+$0.93 billion).
Year-over-year (August 2022 vs August 2021, seasonally adjusted)
The United States Retail Trade and Food Services increased 9.1% (+$57.3 billion). Retail trade increased 8.9% (+$48.8 billion) and food services and drinking places sales increased 10.9% (+$8.4 billion).
Year-to-date (Jan-Aug 2022 vs Jan-Aug 2021, seasonally adjusted)
During the first eight months of 2022, the United States retail trade and food services increased 10.2% (+$500.5 billion) to $5,384 billion.
Retail trade increased 9.1% (+$394.0 billion) and food services and drinking places sales increased 19.0% (+$106.5 billion).
Sales were up in 12 of 13 retail categories, the fastest gains (in percentage terms) being reported in gas stations (+38.9%). The only decline was seen in electronics (-4.9%).
Source: US Census Bureau. retrieved from FRED, Federal Reserve Bank of St. Louis
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