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Wednesday, December 16, 2020

Core retail sales unexpectedly drop nearly 1% in November

Advance Estimates of U.S. Retail and Food Services  

Advance estimates of U.S. retail and food services sales for November 2020, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $546.5 billion, a decrease of 1.1 percent (±0.5 percent) from the previous month, but 4.1 percent (±0.7 percent) above November 2019. Total sales for the September 2020 through November 2020 period were up 5.2 percent (±0.5 percent) from the same period a year ago. The September 2020 to October 2020 percent change was revised from up 0.3 percent (±0.5 percent)* to down 0.1 percent (±0.2 percent).  

Retail trade sales were down 0.8 percent (±0.5 percent) from October 2020, but 7.1 percent (±0.7 percent) above last year. Nonstore retailers were up 29.2 percent (±1.6 percent) from November 2019, while food services and drinking places were down 17.2 percent (±3.7 percent) from last year.

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