CONVEX
Past Release · Retail Sales

September 2023 Retail Sales Report

Friday, September 1, 2023

Retail Sales printed at 598,956, a +0.63% move from the prior reading of 595,191.

598,956
Sep 1
Prior
595,191
Absolute
+3,765
Percent
+0.63%

What to Watch For

  • Headline retail sales month-over-month
  • Control group month-over-month
  • Revisions to prior month
  • Category detail: online, autos, restaurants
  • Inflation-adjusted (real) retail sales

Expected Market Reaction

Strong control group: consumer discretionary up, rates up. Weak control group: defensives up, rates down, recession pricing increases.

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