{"id":10808,"date":"2022-10-20T01:18:09","date_gmt":"2022-10-20T01:18:09","guid":{"rendered":"https:\/\/www.findadistributor.com\/news\/?p=10808"},"modified":"2022-10-17T15:20:28","modified_gmt":"2022-10-17T15:20:28","slug":"retail-sales-remain-strong","status":"publish","type":"post","link":"https:\/\/www.findadistributor.com\/news\/retail-sales-remain-strong\/","title":{"rendered":"Retail Sales Remain Strong"},"content":{"rendered":"<p>Retail sales remained strong on a monthly basis and saw another year-over-year gain in September despite an interest rate hike from the Federal Reserve and continuing inflation, the National Retail Federation has reported.<\/p>\n<p>\u201cSeptember retail sales confirm that even with rising interest rates, persistent inflation, political uncertainty and volatile global markets, consumers are spending for household priorities,\u201d NRF President and CEO Matthew Shay said.<\/p>\n<p>\u201cAs we enter the holiday season, shoppers are increasingly seeking deals and discounts to make their dollars stretch, and retailers are already meeting this demand.<\/p>\n<p>\u201cHowever, the Biden administration must enact policy measures\u00a0to relieve inflationary pressure and lower costs for American families. While the Federal Reserve tackles long-term actions meant to end inflation, we believe removing China tariffs, enacting smart immigration reform to address the worker shortage, and increasing investments in supply chain resiliency can and will have an immediate impact on consumers and the economy.\u201d<\/p>\n<p>\u201cConsumer demand remained intact during September and continues to be a key contributor to economic activity,\u201d NRF Chief Economist Jack Kleinhenz said.<\/p>\n<p>\u201cBut sales were uneven across retail categories and inflation is the main factor that is determining how much shoppers are willing to spend. Households are tapping into savings, accessing credit and reducing their savings contributions as they meet higher prices head on.\u00a0Shoppers are looking for bargains and value in the current economic environment and even more so as we head into the holiday season.\u201d<\/p>\n<p>The U.S. Census Bureau today said overall retail sales in September were unchanged from August but up 8.2% year over year. That compared with increases of 0.4% month over month and 9.4% year over year in August. On a three-month moving average, sales were up 9.2% year over year.<\/p>\n<div id=\"attachment_8589\" style=\"width: 1116px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-8589\" class=\"size-full wp-image-8589\" src=\"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2020\/11\/Screenshot-2020-11-24-at-22.01.34.png\" alt=\"\" width=\"1106\" height=\"646\" srcset=\"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2020\/11\/Screenshot-2020-11-24-at-22.01.34.png 1106w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2020\/11\/Screenshot-2020-11-24-at-22.01.34-768x449.png 768w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2020\/11\/Screenshot-2020-11-24-at-22.01.34-400x234.png 400w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2020\/11\/Screenshot-2020-11-24-at-22.01.34-394x230.png 394w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2020\/11\/Screenshot-2020-11-24-at-22.01.34-440x257.png 440w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2020\/11\/Screenshot-2020-11-24-at-22.01.34-650x380.png 650w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2020\/11\/Screenshot-2020-11-24-at-22.01.34-556x325.png 556w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2020\/11\/Screenshot-2020-11-24-at-22.01.34-651x380.png 651w\" sizes=\"auto, (max-width: 1106px) 100vw, 1106px\" \/><p id=\"caption-attachment-8589\" class=\"wp-caption-text\">The National Retail Federation, the world\u2019s largest retail trade association, passionately advocates for the people, brands, policies and ideas that help retail thrive. From its headquarters in Washington, D.C., NRF empowers the industry that powers the economy.<\/p><\/div>\n<p>NRF\u2019s calculation of retail sales \u2013 which excludes automobile dealers, gasoline stations and restaurants to focus on core retail \u2013 showed September was up 0.3% from August and up 7.2% unadjusted year over year. In August, sales were also up 0.3% month over month and were up 8.5% year over year.<\/p>\n<p>NRF\u2019s numbers were up 7.6% unadjusted year over year on a three-month moving average as of September. Sales were up 7.2% year over year for the first nine months of the year, keeping results on track with NRF\u2019s forecast that 2022 retail sales will grow between 6% and 8% over 2021.<\/p>\n<p>September sales were up in all but one retail category on a yearly basis, led by online sales, building materials stores and grocery stores, and increased in five out of nine categories on a monthly basis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Retail sales remained strong on a monthly basis and saw another year-over-year gain in September despite an interest rate hike from the Federal Reserve and continuing inflation, the National Retail Federation has reported. \u201cSeptember retail sales confirm that even with rising interest rates, persistent inflation, political uncertainty and volatile global markets, consumers are spending for&#8230; <a href=\"https:\/\/www.findadistributor.com\/news\/retail-sales-remain-strong\/\" class=\"excerpt-read-more\">Read More<\/a><\/p>\n","protected":false},"author":3,"featured_media":8589,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16,10],"tags":[7803,6447,5214,85],"class_list":["post-10808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-homepage-featured","category-news","tag-federal-reserve","tag-national-retail-federation","tag-nrf","tag-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Retail Sales Remain Strong - Find A Distributor Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.findadistributor.com\/news\/retail-sales-remain-strong\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Retail Sales Remain Strong - Find A Distributor Blog\" \/>\n<meta property=\"og:description\" content=\"Retail sales remained strong on a monthly basis and saw another year-over-year gain in September despite an interest rate hike from the Federal Reserve and continuing inflation, the National Retail Federation has reported. \u201cSeptember retail sales confirm that even with rising interest rates, persistent inflation, political uncertainty and volatile global markets, consumers are spending for... 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