Advance estimates of U.S. retail and food services sales for September were $549.3 billion, a 1.9% increase from the previous month, and 5.4% above September 2019, according to press release. Estimated retail sales rise above expected 0.8% increase month-over-month basis.
- Total sales for July through September were up 3.6% from the same period a year ago.
- Retail sales up 1.9% from August and 8.2% above last year
- July to August percent change unrevised at +0.6%
- Retail sales (ex-auto/ gas) is 1.5% versus 0.5% expected
- Retail sales (control group) is 1.4% versus 0.3% expected
- Prior retail sales (ex-auto) revised lower from 0.7% to 0.5%
- Prior retail sales (ex-auto/ gas) revised lower from 0.7% to 0.5%
- Prior retail sales (control group) revised lower from -0.1% to -0.3%
U.S. stocks gaining on advance retail sales estimates as the dollar loses. SPY is up 0.71%, QQQ is up 0.62%, EURUSD is up 0.12%
