June 2012 Retail Sales decreased, by -0.5%, and this month one cannot blame just falling gas prices. Autos & Parts alone dropped -0.6% while auto dealers, part of Autos & Parts, declined -0.7%. Minus autos & parts, retail sales also decreased, -0.4%. This is the 3rd month in a row retail sales have declined. June Retail sales are up 3.8% from the same time last year.
May 2012 Retail Sales decreased, by -0.2%, mainly due to dropping gas prices. Minus autos & parts, retail sales also decreased, -0.4%. April retail sales were revised down from 0.1% to -0.2%. May Retail sales are up 5.3% from the same time last year. Retail sales are reported by dollars, not by volume, so dropping prices often reports as a decline in sales.
April 2012 Retail Sales increased 0.1%. Minus autos & parts, retail sales also increased 0.1%. March retail sales were revised down from 0.8% to 0.7%. Retail sales are up 6.4% from the same time last year. Retail sales are reported by dollars, not by volume, so dropping prices often reports as a decline in sales.
March 2012 Retail Sales increased 0.8%. Minus autos & parts, retail sales also increased 0.8%. February retail sales were revised down from 1.1% to 1.0%. Retail sales are up 6.5% from the same time last year. Retail sales are reported by dollars, not by volume, so dropping prices often reports as a decline in sales.
January 2012 Retail Sales increased 0.4%. Minus autos & parts, retail sales increased 0.7%. December retail sales were revised down from 0.1% to 0%, or no change from the previous month. Retail sales are up 5.8% from the same time last year. Retail sales are reported by dollars, not by volume, so dropping prices often reports as a decline in sales.
December 2011 Retail Sales increased 0.1%. Minus autos & parts retail sales dropped -0.2%. November retail sales were revised up to 0.4% from 0.2%. Retail sales are up 6.5% from the same time last year. Electronics and Appliance stores plunged -3.9% during December, the holiday season. Gas sales dropped -1.6%. Retail sales are reported by dollars, not by volume, so dropping prices often reports as a decline in sales.
October 2011 Retail Sales increased 0.5%. September retail sales were 1.1%. Retail sales are up 7.2% from the same time last year. Electronics and Appliance stores shot up 3.7% in a month, the highest monthly jump since November 2009. The pop up in electronics & appliances retail sales accounts for all of the gains in this category from last year, 3.5%.
The U.S. Treasury is reporting the Cash for Clunkers program netted 700,000 auto sales.
Wow, that's a lot of car for 27 days of sales!
Economic benefits of the program will persist in coming months as carmakers replenishing inventories hire and expand production, the White House Council of Economic Advisers said.
The initiative will boost U.S. third-quarter gross domestic product by 0.3 to 0.4 percentage point and create 42,000 jobs by the end of 2009, according to the CEA’s estimate.
I hope this estimate is simply to replenish sold inventory, but still, looks like a success! (for Japan!)
Bloomberg reports that vehicle sales were down 42% YoY in March (slightly worse than the last record decline, last month, of 41%), to a record low 8.8 million units -- also a record low, down from last month's 9.1 million.
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