U.S. retail sales fell 0.2% in August, with the ex-auto component up 0.2%
U.S. retail sales fell 0.2% in August, with the ex-auto component up 0.2%. The 0.6% July increase was revised down to 0.3%, with the prior 0.3% June gain bumped to -0.1, while the 0.5% ex-auto gain was nudged down to 0.4%, with June knocked to -0.2% from 0.1% June. Sales excluding autos, gas, and building materials, which factors into GDP, slid 0.1% versus 0.5% previously. Gas station sales rebounded 2.5% versus the prior 0.7% decline (revised from -0.4%). Auto sales dropped 1.6% from unchanged previously (revised from 1.2%). Miscellaneous sales were up 1.4%, while non-store retailers declined 1.1%. Electronics store sales fell 0.7%, with building materials off 0.5%, while furniture rose 0.4%. Clothing sales declined 1.0%. This is a much weaker than expected report that includes both hurricane and non-hurricane impacts.