by Calculated Risk on 11/16/2021 08:37:00 AM
On a monthly basis, retail sales were increased 1.7% from September to October (seasonally adjusted), and sales were up 16.3 percent from October 2020.
From the Census Bureau report:
percent from the previous month, and 16.3 percent above October 2020.
This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).
Retail sales ex-gasoline were up 1.5% in October.
The second graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993.
Sales in October were above expectations, and sales in August and September were revised up.