U.S. Retail Sales Rose 0.7% in August

[mahatmakanejeeves]

Source: The Wall Street Journal.

ECONOMY U.S. ECONOMY

U.S. Retail Sales Rose 0.7% in August

Retail could recover quickly once Covid-19 surge eases, economists say

By Josh Mitchell
https://twitter.com/JMitchellWSJ
[e-mail]
Updated Sept. 16, 2021 8:34 am ET

U.S. retail sales rose 0.7% in August, a sign the economic recovery has resilience despite the Delta variant.

U.S. retail sales likely fell for the second straight month in August, according to economists surveyed by The Wall Street Journal. The Commerce Department will release official figures at 8:30 a.m. ET Thursday.

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Read more: https://www.wsj.com/articles/us-economy-august-2021-retail-sales-delta-variant-11631736808

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Here's the placeholder article:

ECONOMY | ECONOMIC DATA

U.S. Retail Sales Likely Took a Hit From Delta Variant

https://www.wsj.com/articles/us-economy-august-2021-retail-sales-delta-variant-11631736808

Product shortages appear to have damped sales on items such as autos, restraining economic recovery. Retail could recover quickly once Covid-19 surge eases, economists say.

By Josh Mitchell
https://twitter.com/JMitchellWSJ
[e-mail]
Sept. 16, 2021 5:30 am ET

Product shortages and the Delta variant are preventing many Americans from spending at retailers, restraining the economic recovery.

U.S. retail sales likely fell for the second straight month in August, according to economists surveyed by The Wall Street Journal. The Commerce Department will release official figures at 8:30 a.m. ET Thursday.

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SUBSCRIBE
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[mahatmakanejeeves]

1. From the source, the Census Bureau:

https://www.census.gov/economic-indicators/#retail_sales

Advance Monthly Retail Sales
September 16th, 2021

Press Release

FOR RELEASE AT 8:30 AM EDT, THURSDAY, SEPTEMBER 16, 2021

ADVANCE MONTHLY SALES FOR RETAIL AND FOOD SERVICES, AUGUST 2021

Release Number: CB21-145

{snip}

September 16, 2021 — The U.S. Census Bureau announced the following advance estimates of U.S. retail
and food services sales for August 2021:

{snip}

Advance Estimates of U.S. Retail and Food Services

Advance estimates of U.S. retail and food services sales for August 2021, adjusted for seasonal variation
and holiday and trading-day differences, but not for price changes, were $618.7 billion, an increase of 0.7
percent (±0.5 percent) from the previous month, and 15.1 percent (±0.7 percent) above August 2020.
Total sales for the June 2021 through August 2021 period were up 16.3 percent (±0.5 percent) from the
same period a year ago. The June 2021 to July 2021 percent change was revised from down 1.1 percent (±
0.5 percent) to down 1.8 percent (±0.2 percent).

Retail trade sales were up 0.8 percent (±0.5 percent) from July 2021, and up 13.1 percent (±0.7 percent)
above last year. Clothing and clothing accessories stores were up 38.8 percent (±3.3 percent) from August
2020, while gasoline stations were up 35.7 percent (±1.6 percent) from last year.

General Information

The September 2021 Advance Monthly Retail report is scheduled for release on October 15, 2021 at 8:30

Data Inquiries
Economic Indicators Division, Retail Indicator Branch
301-763-2713
[e-mail]

Media Inquiries
Public Information Office
301-763-3030
[e-mail]

[Johnny2X2X]

2. Good news

There's a little bit of mixed economic data coming in, but really by mixed, they mean not as glowing as we thought, but still good.

The media is invested in the economy stalling out for some reason. We're in the middle of the best year for jobs and economic growth in 40 years and they're all doom and gloom with their headlines.

Biden needs to get out in front of the country and brag about his recovery more.

A reminder, Donald Trump was the worst jobs President since Herbert Hoover and left the economy with the worst year for growth since WWII.

[NullTuples]

3. Not to sound negative but did they break out Delta panic buying?