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Tuesday, November 16, 2021

October retail sales jump 1.7%, topping expectations

  • October Retail Sales: +1.7% M/M vs. +1.0% consensus and +0.8% prior (revised from +0.7%).
  • Core Retail Sales: +1.7% M/M vs. +0.9% consensus and +0.7% prior (revised from +0.8%).
  • Ex-Auto & Gas: +1.4% M/M vs. +0.8% consensus and +0.5% prior (revised from +0.7%).
  • Retail trade sales were up 1.9 percent from September 2021, and up 14.8 percent above last year. Gasoline stations were up 46.8 percent from October 2020, while food services and drinking places were up 29.3 percent from last year.

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