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Market Update : 
Retail Sales Decline 0.3% in August
Author: 123jump.com Staff
123jump.com
Last Update: 8:46 AM ET September 12 2008



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The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for August, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $381.2 billion, a decrease of 0.3% from the previous month, but 1.6% above August 2007.

 
The following is the unedited transcript of the news release from the U.S. Census Bureau of the Department of Commerce.


The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for August, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $381.2 billion, a decrease of 0.3 percent (±0.5%)* from the previous month, but 1.6 percent (±0.7%) above August 2007. Total sales for the June through August 2008 period were up 2.3 percent (±0.5%) from the same period a year ago. The June to July 2008 percent change was revised from -0.1 percent (±0.5%)* to -0.5 percent (±0.3%).

Retail trade sales were down 0.3 percent (±0.5%)* from July 2008, but were 1.3 percent (±0.7%) above last year. Gasoline station sales were up 22.5 percent (±1.8%) from August 2007 and sales of food and beverage stores were up 6.9 percent (±0.8%) from last year.


Available at:

http://www.census.gov/svsd/www/marts_current.html
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