Retail sales data, for the month of October showed ongoing gains, according to data issued today by the United States Department of Commerce and the National Retail Federation (NRF).
Commerce reported that total October retail sales—at $553.3 billion—were up 0.3% over September and were up 5.7% annually. And it added that total retail sales, from August through October rose 5.1% compared to the same period in 2019. Both monthly annual and sequential retail sales have seen gains every month since June, which was preceded by major declines related to the COVID-19 pandemic.
Commerce reported that retail trade sales saw a 0.3% gain, from September to October, and rose 8.5% annually. And non-store retail, which includes e-commerce, saw a 29.1% annual gain, buoyed by increased e-commerce activity over the course of the ongoing pandemic, with building material and garden equipment and supplies dealers seeing a 19.5% annual gain.