by Calculated Risk on 3/14/2018 08:37:00 AM
Wednesday, March 14, 2018
On a monthly basis, retail sales decreased 0.1 percent from January to February (seasonally adjusted), and sales were up 4.0 percent from February 2017.
From the Census Bureau report:
Advance estimates of U.S. retail and food services sales for February 2018, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $492.0 billion, a decrease of 0.1 percent from the previous month, but 4.0 percent above February 2017. ... The December 2017 to January 2018 percent change was revised from down 0.3 percent to down 0.1 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 were unchanged in February.
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 3.9% on a YoY basis.
The increase in February was well below expectations, however sales in January were revised up (although sales in December were revised down). A disappointing report.
Posted by Calculated Risk on 3/14/2018 08:37:00 AM