Advance retail sales are a leading indicator of retailers sales expectations and may suggest future demand for commercial transportation services. Retail stores may require faster and more reliable delivery of shipments as consumer demand increases and inventories are maintained at lower levels.
During the present economic slowdown, consumer demand has been the primary power source in propelling the increase in advance retail sales. In October 2001, advance retail sales increased 7.7 percent to $280 billion. This increase is primarily due to the sharp increase in advance sales of automobiles and other motor vehicles. The advance estimate of automobile and other motor vehicle sales for October 2001 is eighty-one billion dollars, up substantially from the preliminary estimate of sixty-three billion dollars for September 2001.
|Advanced Retail Sales||Sep-01||Oct-01|
|Advanced retail sales (millions of dollars)||260,041||280,097|
|Advanced retail sales percent change from same month previous year||-2.18||7.71|
NOTE: Advance retail sales are advance estimates of monthly retail trade produced by the Bureau of the Census. The advance estimates are based on a small subsample of the Census Bureaus full retail sales sample.
SOURCE: SOURCE: U.S. Department of Commerce, Bureau of the Census, Economic Briefing Room, as of Nov. 16, 2001, available at: http://www.census.gov/svsd/www/advtable.html.