August Bookstore Sales Show Solid Improvement

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Recently released Census Bureau estimates for August 2003 show a 15.5 percent increase in retail sales at bookstores over August 2002. August was the third month in a row that bookstore sales showed improvement over the previous year.

August 2003 retail sales for bookstores are estimated at $2,108 million, compared to the $1,825 million figure of a year ago.

Overall retail sales of $332 billion for August 2003 were 4.1 percent ahead of the $319 billion in August of the previous year.

2002-2003 RETAIL SALES for BOOKSTORES (unadjusted)

Period
2002 Final (Millions of Dollars)
2003 (Millions of Dollars)
% Increase 2003 Over 2002
January
2,039
2,094
2.7
February
1,037
1,005
(3.0)
March
1,045
929
(11.1)
April
969
984
1.5
May
1,142
1,105
(3.2)
June
1,073
1,179
9.9
July
1,059
1,129
6.6
August
1,825
2,108 (p)
15.5
YTD
10,189
10,533
3.3

(p) Preliminary figure

Note: Estimates reflect sales of all types of participating bookstores, including trade, college, religious, chain stores (including superstores), and others. A bookstore is defined as any retail establishment with sales comprised of more than 50 percent new books and periodicals, and estimates include sales of all products in these stores.

Source: Bureau of the Census, Current Retail Trade Branch.