August 2013 retail sales at electronics and appliance stores increased 0.8%, seasonally adjusted, from July. Retail sales in August were up 3.1% unadjusted year-over-year. The data was released by the U.S. Census Bureau.
August 2013 retail sales at building material and garden equipment stores' were down 0.9% seasonally adjusted, but increased 5.7% unadjusted year-over-year.
Retail sales in the United States increased in August, but were slower than anticipated, according to the National Retail Federation (NRF).
Overall United States retail sales in August (excluding cars, gas stations, and restaurants) were up 0.1% seasonally adjusted from July, and were up 3.9% unadjusted year-over-year.
"Slow growth continues to be the economic story five years after the financial crisis," NRF President and CEO Matthew Shay said. "Retailers and consumers are resilient but not overly optimistic about the broader economy. While positive retail sales growth continues month-after-month, it is just not strong enough to move the needle."
Total August retail sales, including automobiles, gasoline stations, and restaurants, were up 0.2% seasonally adjusted from July and were up 4.7% adjusted year-over-year.
"This month's weak retail sales report will continue to put pressure on policymakers, who are dealing with tapering, and retailers, who will need to focus on price and value to entice consumer spending," NRF Chief Economist Jack Kleinhenz said.
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