Coresight Bites: US Retail Sales, August 2021—Uptick in Year-over-Year Growth

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• Coresight Research’s monthly reports keep you up to date on retail sales (in total and by sector) and key consumer indicators, focusing on the US, the UK and China.
• Complementing our monthly reports, the Coresight Research US Retail Sales Databank brings together retail sales data to help you understand the scale and trajectory of US retail.
• Coresight Research’s measure of core retail sales is the unadjusted year-over-year change, excluding gasoline and automobiles. As reported by the US Census Bureau on September 16, 2021, August 2021 saw strong year-over-year growth—demonstrating consumers’ continued willingness to spend and a strong back-to-school (BTS) season against weak BTS demand one year earlier.
• Compared to 2019 values, August sales were still very strong but represented the second straight month of declining growth, returning to the level seen in May. However, on a two-year basis, this was the fifth–strongest growth in sales in the past year.

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