With some exceptions, retail sales for the month of July showed positive signs. As the summer season fades down, July sales’ advance estimates show good increases in food and drinking services (9%), Furniture (6.1%) and Building materials (2.8). Those three lines boosted the annual change in sales, according to data from the U.S. Census Bureau. In aggregated terms, the most significant changes were in food services, which showed a 2.4% increase when compared to the same month 2014.
Retail trade sales were little changed from July 2014 given a sharp decline in Gasoline sales, electronic appliances and sales at Department Stores. Regarding gasoline, it is most than natural that the nominal value had deceased since oil price is still at record lows. On the other hand, Health and personal care store sales were 3.1 percent change along with the same figure for Clothing and accessories stores. Sales of Sporting goods, hobby, books and music increased by 6.4 percent when compared to the same month 2014.
Good news were mostly on sales of Furniture and Building materials. Sales of Furniture stores increased by 6.1 percent, while Building materials, garden equipment and supplies did so by 2.8 percent. Electronics, as already mentioned, declined on sales by -2.5 percent.
Retail sales in Department stores also declined by -2.7 percent. Other retailers such as miscellaneous stores and nonstores retailer increased their sales in July by 3.1 and 6 percent respectively.
Advance Estimates for Retail and Food Services show that Sales for December 2014 increased 3.2 percent compared to December 2013. Statistics were adjusted by season, but not corrected for inflation, which gives a total estimated sales volume of U$442.9 billion. Auto and other motor vehicles dealers were up 9.2 percent when compared to same month of 2013. Food and services also grew in sales roughly 8.2 percent. The Advance Estimates give a preliminary hint by sampling a smaller base of the full Retail Trade and Food services Survey at the US Census Bureau.
Almost all of the survey accounts experienced increases when compared to the same month in 2013. However, Gasoline Stations –as expected given low oil prices- realized 14.2 percent less dollars sales this past December 2014. Also, estimate data show that Department Stores sold 0.6 percent less. Food Services and Drinking places reported in advance the highest gains for the season with a strong 8.2% as well as Auto sales with a similar statistic. Health and Personal care stores also increased their sales level by 6.1 percent. Furniture and Electronics and Appliances sold 5.8 percent and 6.8 percent respectively, preliminary data showed.