U.S. Retail & Food Services Sales Report for August, 2006

The Commerce Department this morning released advanced estimates of U.S. Retail and Food Services Sales for August, 2006:

Predicted: -0.2%
Actual: +0.2%

Minus Auto Sales
Predicted: +0.3%
Actual : +0.2%


The above percentages represent the month-to-month change in total sales receipts for retailers that sell both durable and non-durable goods.

The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the actual or real figure.

Here's a snippet from today's Commerce Department report:

" 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 $368.2 billion, an increase of 0.2 percent (±0.7%)* from the previous month and up 6.7 percent (±0.7%) from August 2005. Total sales for the June through August 2006 period were up 5.6 percent (±0.5%) from the same period a year ago. The June to July 2006 percent change was unrevised from +1.4 percent (± 0.3%).

Retail trade sales were up 0.2 percent (±0.7%)* from July and were 6.6 percent (±0.8%) above last year. Nonstore retailers were up 12.5 percent (±4.5%) from August 2005 and sales of gasoline stations were up 11.0 percent (±2.0%) from last year."

Click here to view the full report.

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