The Retail Monitor calculation of core retail sales (excluding restaurants in addition to automobiles and gasoline) was up 0.17% month over month in August and up 1.93% year over year. That compared with increases of 0.95% month over month and 1.69% year over year in July.
The CNBC/NRF Retail Monitor, powered by Affinity Solutions, offers a headline, month-over-month look at retail sales performance for 9 core retail sectors, plus restaurants.
August sales were up in five out of nine retail categories on a yearly basis, led by online sales, clothing and accessories stores and health and personal care stores. Sales were also up in five categories on a monthly basis.
NRF President and CEO Matthew Shay joins ‘Squawk Box’ to discuss the latest retail data from the CNBC/NRF Retail Monitor. Watch the full clip here.
Your first look at how retail sales performed last month. The Retail Monitor has been shown to be highly correlated with the U.S. Census Bureau’s revised retail sales numbers.
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