Retail Sales Numbers Fall Short

Northern, WI 9/14/2011 (PennyPayDay) – The August reading of Retail Sales fell short of the estimate, it was unchanged on the month and Sales Ex-autos were up only 0.1%, just half the expected rise.

Sectors that were down on the month included: Miscellaneous -2.2%, Clothing -0.7%, Motor Vehicles/Parts -0.3%, Department Stores -0.3%, Eating/Drinking Establishments -0.3% and Furniture -0.2%. The sectors that rose in August were: Sporting Goods +2.4%, Electronics +0.5%, Non-store Retailers +0.5%, Food/Beverages +0.3%, Gasoline Stations +0.3% and Building Materials +0.2%.

The August reading of the Producer Price Index was unchanged on the month, matching the forecast, but the Core PPI was up only one tenth on the month, less than expected.

Consumer Goods were unchanged on the month, that’s three quarters of the pie, but Capital Equipment prices were -0.1%, that’s the other quarter of the whole. Energy prices were down for the third month in a row, in August it was -1.0%.

Prices further down the pipeline were mixed. The Intermediate Goods were -0.5% on a monthly basis in August, but Crude Goods were up two tenths on the month.

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