by Calculated Risk on 11/25/2025 03:21:00 PM
On a monthly basis, retail sales increased 0.2% from August to September (seasonally adjusted), and sales were up 4.3 percent from September 2024.
From the Census Bureau report:
dvance estimates of U.S. retail and food services sales for September 2025, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $733.3 billion, up 0.2 percent from the previous month, and up 4.3 percent from September 2024. … The July 2025 to August 2025 percent change was unrevised from up 0.6 percent.
emphasis added
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 was unchanged in September.
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 4.4% on a YoY basis.
The change in sales in September were below expectations, however, the previous two months were revised up slightly.
