U.S. retail sales of furniture and household goods jumped 15.6% to $12.5 billion in August
The growth rate of furniture and home retail sales in July and August was better than that of the overall retail industry.
According to data released by the US Department of Commerce on September 16, despite the COVID-19 epidemic and supply problems still affecting the market, there was an unexpected increase in retail sales in August.
In August, the retail sales of furniture and household goods in the United States reached approximately US$12.5 billion, an increase of 15.6% from US$10.81 billion in the same period last year. This month' s data indicates that the retail data of the industry has been rising year-on-year for 15 consecutive months. It also means that the demand for furniture and household goods has hardly slowed down after the closure of the city.
Industry sales increased by 3.7% month-on-month, and the revised retail sales in July were US$12.05 billion. It is worth noting that the retail sales of furniture and home furnishings in July and August grew faster than the overall retail industry.
Non-store retail, that is, online retail stores, also experienced a 7.5% growth, which was a 5.3% increase from the previous month.
During the three-month period ending in August, sales in furniture and household goods stores increased by 17.2% over the same period last year. Overall retail sales increased by 16.3%, and non-store retailers increased by 7.8%.