While dipping slightly from September levels and a touch behind overall retail performance, October sales at furniture and home furnishings store sales kept gaining ground in year-over-year comparisons.
According to advance estimates from the Department of Commerce’s monthly report on retail sales, furniture and home furnishings store sales, adjusted for seasonal variation and trading day differences, rose 5.2% in October to $10.4 billion compared with the same month last year. While off 0.4% from September levels, sales have grown 5.3% from August through October, slightly ahead at overall retail sales increases of 5.1% for the same three-month period.
The slight dip in furniture and home furnishings sales in October could be attributable to no major holiday sales periods to compare with the important Labor Day weekend in September. The year-over-year growth reflect ongoing consumer demand in the category and interest in home-related projects, also illustrated in double-digit growth in building material and gardening equipment.
Year-to-date, home furnishings and furniture sales of $89.1 billion were 7.2% less than January-October in 2019. That’s still an improvement compared with September, when that month’s year-to-date total of $78.4 billion lagged 8.8% behind performance through 2019’s first nine months.
Adjusted October retail sales across