by Bill McBride on 3/12/2015 08:42:00 AM
Thursday, March 12, 2015
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.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.
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.
Posted by Bill McBride on 3/12/2015 08:42:00 AM