August Retail Sales Up 5 Percent Over 2017

August retail sales in the U.S. have increased 0.1 percent since July and 5 percent year-over-year, according to the National Retail Federation.

License Global

September 23, 2018

1 Min Read

According to the NRF, the new figures, which exclude sales related to automobiles, gasoline stations and restaurants, indicate strong momentum for the third quarter as consumers are still spending despite fears of a growing trade war.

“Consumers are still in the driver’s seat,” says Jack Kleinhenz, chief economist, NRF. “Retail sales remain strong thanks to a solid labor market, accelerating wage growth and consumer optimism, which helps to power the consumer spending gains we are seeing. Clearly, household spending is resilient and a contributor to third-quarter GDP growth, however, uncertainty over tariffs is creating anxiety and could fuel material changes in consumer spending.”

The three-month moving average also saw gains of 4.9 percent compared to the same period last year. NRF’s numbers are based on U.S. Census Bureau data, which indicate that overall August sales, including automobiles, gasoline and restaurants, were down 0.1 percent seasonally adjusted from July and increased 6.6 percent year-over-year.

Retail specifics from August include:

  • Online and other non-store sales (up 9.3 percent year-over-year; up 0.7 percent month-over-month seasonally adjusted)

  • Health and personal care stores (up 5.4 percent year-over-year; up 0.5 percent month-over-month seasonally adjusted)

  • Building materials and garden supply stores (up 2.6 percent year-over-year; unchanged month-over-month seasonally adjusted)

  • Clothing and clothing accessory stores (up 6.2 percent year-over-year; down 1.7 percent month-over-month seasonally adjusted)

  • Electronics and appliance stores (up 4.1 percent year-over-year; up 0.4 percent month-over-month seasonally adjusted)

  • Furniture and home furnishings stores (up 3.9 percent year-over-year; down 0.3 percent month-over-month seasonally adjusted)

  • Food and beverage stores (up 4.9 percent year-over-year; unchanged month-over-month seasonally adjusted)

  • General merchandise stores (up 4.6 percent year-over-year; up 0.1 percent month-over-month seasonally adjusted)

  • Sporting goods stores (down 4.0 percent year-over-year; up 0.2 percent month-over-month seasonally adjusted)

Read more about:


About the Author(s)

License Global

License Global is the leading news source for the brand licensing industry, delivering award-winning editorial content including news, trends, analysis, and special reports about the global consumer product and retail marketplace.

Through its print edition, website, daily e-newsletter and event publications, License Global reaches more than 150,000 executives and professionals in all major markets. The magazine also serves as the official publication for the sector’s trade events, which include Licensing Expo, Brand Licensing Europe, Licensing Expo Japan, Licensing Expo Shanghai and the Licensing Leadership Summit.

Subscribe for updates directly into your inbox.




Subscribe and receive the latest news from the industry Article
Join 62,000+ members. Yes, it's completely free.

You May Also Like