Retail Sales increase in November
On a monthly basis, retail sales increased 1.3% from October to November (seasonally adjusted), and sales are up 1.9% from November 2008. Click on graph for larger image in new window. This graph shows retail sales since 1992. This is monthly retail sales, seasonally adjusted (total and ex-gasoline). This shows that retail sales fell off a cliff in late 2008, and appear to have bottomed, but at a much lower level. The red line shows retail sales ex-gasoline and shows there has been only a little increase in final demand. The second graph shows the year-over-year change in retail sales since 1993. Retail sales increased by 1.9% on a YoY basis. The year-over-year comparisons are much easier now since retail sales collapsed in October 2008. Retail sales bottomed in December 2008.
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