Thursday 12 March 2015

Retail Sales decreased 0.6% in February

On a monthly basis, retail sales decreased 0.6% from January to February (seasonally adjusted), and sales were up 1.7% from February 2014. Sales in December were unrevised at a 0.8% decrease.

From the Census Bureau report:
The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for February, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $437.0 billion, a decrease of 0.6 percent from the previous month, but up 1.7 percent above February 2014. ... The December 2014 to January 2015 percent change was unrevised from -0.8 percent.
Retail Sales Click on graph for larger image.

This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).

Retail sales ex-gasoline decreased 0.8%.

Retail sales ex-autos decreased 0.1%. 

The second graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993.

Year-over-year change in Retail Sales Retail and Food service sales ex-gasoline increased by 5.1% on a YoY basis (1.7% for all retail sales).

The decrease in February was below consensus expectations of a 0.3% increase.  This was a weak report.

No comments:

Post a Comment