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IPFS News Link • Business/ Commerce

Factoring in Inflation, Retail Sales Remain Very Weak in September

• by Mish

Advance Retail Sales

Today, the Commerce Department released Advance Retail Sales Data for September.

Advance estimates of U.S. retail and food services sales for September 2022, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $684.0 billion, virtually unchanged from the previous month, but 8.2 percent above September 2021. 

Total sales for the July 2022 through September 2022 period were up 9.2 percent from the same period a year ago. 

The July 2022 to August 2022 percent change was revised from up 0.3% to up 0.4 percent.

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