September 18, 2020
The U.S Census Bureau announced that, at the end of August 2020 U.S. retail and food services increased by 0.6% to $537.5 billion from $534.6 billion recorded in July 2020, based on advanced estimates adjusted for seasonal variation and holiday and trading-day differences, but not for price changes. Notably, the estimate was also 2.6% greater than August 2019’s estimated retail and food services.
The Bureau further noted that, “total sales for the June 2020 through August 2020 period were up 2.4% from the same period a year ago. The June 2020 to July 2020 percent change was revised from up 1.2% to up 0.9%.” Additionally, retail trade sales increased slightly by 0.1% from July 2020 and 5.1% greater than 12 months earlier estimate. Non-store retailers climbed 22.4% year over year, however, clothing and clothing accessories stores decreased by 20.4% from August 2019.
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