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

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

Predicted: +0.2%
Actual: -0.4%

Minus Auto Sales
Predicted: 0.0%
Actual : -0.5%


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 September, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $366.2 billion, a decrease of 0.4 percent (±0.7%) from the previous month, but up 5.5 percent (±0.7%) from September 2005. Total sales for the July through September 2006 period were up 5.6 percent (±0.5%) from the same period a year ago. The July to August 2006 percent change was revised from +0.2 percent (± 0.7%) to +0.1 percent (± 0.3%).

Retail trade sales were down 0.6 percent (±0.7%) from August, but were 5.2 percent (±0.8%) above last year. Nonstore retailers were up 12.9 percent (±4.6%) from September 2005 and sales of clothing and clothing accessories stores were up 10.7 percent (±1.5%) from last year."

Click here to view the full report.

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