November Advance Monthly Sales for Retail and Food Services, the Report.
Advance estimates of U.S. retail and food services sales for November 2024, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $724.6 billion, an increase of 0.7 percent (±0.5 percent) from the previous month, and up 3.8 percent (±0.5 percent) from November 2023. Total sales for the September 2024 through November 2024 period were up 2.9 percent (±0.5 percent) from the same period a year ago. The September 2024 to October 2024 percent change was revised from up 0.4 percent (±0.5 percent)* to up 0.5 percent (±0.1 percent).
Note the numbers are not adjusted for inflation. Keep in mind, the BLS listed the annual inflation rate of 2.75% annual, and down 0.05% on the month.
First up, the revision history...
The historical numbers, also with adjustments for inflation...
There us an upward trend in inflation adjusted sales, but have not regained the level of January, 2023.
Pay close attention to the data, as 70% of that advance from last month was "auto and other motor veh. dealers."
The question is why such a sudden jump? Not that I am questioning the data, as it mirrors the recently released SAAR, which was also a sharp rise... which was unexpected. So what is causing these unexpected numbers?
While I will continue to track the Advance Retail Sales for personal reasons, I will discontinue publications of Advance Retail Sales going forward]
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