U.S. August Advance Retail and Food Service Sales (Text)

Following is the text of the monthly retail sales report from the Commerce Department.

The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for August, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $389.5 billion, virtually unchanged (+/-0.5%)* from the previous month and 7.2 percent (+/-0.7%) above August 2010. Total sales for the June through August 2011 period were up 7.9 percent (+/-0.7%) from the same period a year ago. The June to July 2011 percent change was revised from +0.5 percent (+/-0.5%)* to +0.3 percent (+/-0.2%).

Retail trade sales were up 0.1 percent (+/-0.5%)* from July 2011, and 7.5 percent (+/-0.7%) above last year. Gasoline stations sales were up 20.8 percent (+/-1.7%) from August 2010 and nonstore retailers sales were up 10.4 percent (+/-2.5%) from last year.

The advance estimates are based on a subsample of the Census Bureau's full retail and food services sample. A stratified random sampling method is used to select approximately 5,000 retail and food services firms whose sales are then weighted and benchmarked to represent the complete universe of over three million retail and food services firms. Responding firms account for approximately 65% of the MARTS dollar volume estimate. For an explanation of the measures of sampling variability included in this report, please see the Reliability of Estimates section on the last page of this publication.

The Advance Monthly Sales for Retail and Food Services for September is scheduled to be released October 14, 2011 at 8:30 a.m. EDT.

For information, visit the Census Bureau's Web site at <http://www.census.gov/retail>.

* The 90 percent confidence interval includes zero. The Census Bureau does not have sufficient statistical evidence to conclude that the actual change is different than zero.

SOURCE: U.S. Commerce Department http://www.census.gov/retail

To contact the reporter on this story: Chris Middleton in Washington at cmiddleton2@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

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