Thursday, March 12, 2015

Retail Sales Fell in February

There were $437.0 billion of retail and food services sales in February (after adjustment for seasonal variation and holiday and trading-day differences but not for price changes), according to the U.S. Census Bureau. This level represented a decrease of 0.6% from the previous month, but a rise of 1.7% from a year earlier.

Sales at gas stations rose 1.5% for the month, but were 23% lower than in February 2014. Retail trade sales were down 0.6% from January, but up 1% from the prior year. Non-store retailers and food services and drinking places were up 8.6% for the month and 7.7% from February 2014.

Core retail sales – excluding automobiles, building materials, and gasoline – have declined at a 0.4% annual rate for the first two months of the year.

Read the Census report.

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