SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Paul Kern10/13/2006 8:39:54 AM
  Read Replies (1) of 110194
 
=DJ DATA SNAP: US Sep Retail Sales Below Expectations 

===================================================== 
 US Retail Sales      Sep      Aug  ! Consensus:    ! 
  Overall:          -0.4%    +0.1%r !        +0.3%  ! 
  Ex-Autos:         -0.5%    +0.2%  ! Actual:       ! 
                                    !        -0.4%  ! 
=====================================================

By Jeff Bater
Of DOW JONES NEWSWIRES


WASHINGTON (Dow Jones)--Retail sales unexpectedly fell during September, but demand for goods outside the automotive and gasoline sectors climbed strongly, suggesting the economic slowdown isn't too sharp.

Sales decreased by a seasonally adjusted 0.4%, the Commerce Department said Friday. August sales increased by 0.1%, revised from a previously reported 0.2% increase.

Excluding both autos and gasoline, all other retail sales increased 0.8% in September - the strongest climb since January's 2.5%. Demand excluding gas and autos rose 0.4% in August.

The median estimate of 21 economists surveyed by Dow Jones Newswires had overall retail sales rising 0.3% in September.

The retail sales report is a window to how Americans part with their money. And consumer spending is a pivotal part of the equation used to figure out how the economy is faring. Spending makes up about 70% of gross domestic product.

Auto and parts retail sales were unchanged in September, after falling 0.4% in August. Outside the auto sector, all other retail sales fell 0.5%. Economists expected no change. Sales excluding autos were 0.2% higher in August.

Gas station sales plunged by a record 9.3% last month after decreasing 1.3% in August. Analysts say lower gasoline prices pushed down the value of station receipts last month. Stripping away sales at gas stations, demand at all other retailers was up 0.6% in September.

Demand at retailers peddling home improvement goods climbed last month despite the housing sector slowdown. Furniture store sales advanced 0.2% after falling 0.1% in August. Building material and garden stores sales rose by 0.6% after increasing in August at the same rate.

Elsewhere, sales rose 1.1% at general merchandise stores; 0.2% at health and personal care stores; 1.0% at restaurants and bars; 1.1% at mail order and Internet retailers; 0.2% at electronics and appliance stores; 1.1% at sporting goods, hobby and book stores; and 3.0% at clothing stores.

Demand fell 0.3% at food and beverage stores.

-By Jeff Bater, Dow Jones Newswires; 202-862-6616; jeff.bater@dowjones.com


*DJ Aug Retail & Food Sales Revised To +0.1% From +0.2%



(MORE TO FOLLOW) Dow Jones Newswires

10-13-06 0830ET
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News