by Calculated Risk on 12/15/2021 08:36:00 AM
On a monthly basis, retail sales were increased 0.3% from October to November (seasonally adjusted), and sales were up 18.2 percent from November 2020.
From the Census Bureau report:
Advance estimates of U.S. retail and food services sales for November 2021, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $639.8 billion, an increase of 0.3 percent from the previous month, and 18.2 percent above November 2020.
Click on graph for larger image.
This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).
Retail sales ex-gasoline were up 0.1% in November.
The second graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993.
Retail and Food service sales, ex-gasoline, increased by 15.6% on a YoY basis.
Sales in November were well below expectations, and sales in September and October were revised down, combined.