Jill Mislinski: The Census Bureau’s Advance Retail Sales Report released this morning shows that seasonally adjusted sales in October increased 0.1% month-over-month and are up 1.7% year-over-year. Core Retail Sales (ex Autos) came in at 0.2% MoM and are up only 0.5% YoY.
The Investing.com forecasts were 0.3% for Headline Sales and 0.4% for Core Sales.
The chart below is a log-scale snapshot of retail sales since the early 1990s. The two exponential regressions through the data help us to evaluate the long-term trend of this key economic indicator.
The year-over-year percent change provides another perspective on the historical trend. Here is the headline series.
Here is the year-over-year version of Core Retail Sales.
The next two charts illustrate retail sales “Control” purchases, which is an even more “Core” view of retail sales. This series excludes Motor Vehicles & Parts, Gasoline, Building Materials as well as Food Services & Drinking Places.
Here is the same series year-over-year.