U.S. Retail Sales Rose 1.1% In September
(For September 2011)
U.S. retail sales rose 1.1% in September vs. 0.7% consensus. August reading was at 0.3% (revised from 0.0%). On year level retail sales are up 7.9%.
Most notable gainers: motor vehicle & parts dealers +3.6%, clothing & clothing accessories +1.3%, gasoline stations +1.2%.
Most notable losers: sporting goods, hobby, book & music stores -0.3%, food & beverage stores -0.2%, building material & garden equipment -0.1%.
Autos taken out, the figure was an increase of 0.6% vs. consensus of 0.3%. Prior reading was revised to 0.5% (up 0.4%). On year level retail sales less autos are up 7.8%.
Autos and gas station taken out, the retail sales rose 0.5%. Consensus was at 0.4%. Prior reading was at 0.5% (revised up 0.4%). On year level retail sales less autos and gas stations are up 6.0%.
