Keeping you up to date on the latest data releases.
- Retail Sales
Total retail sales increased at a nonannualized rate of 0.3 percent in February. On a year-over-year basis, sales are up 1.5 percent. Year-over- year total sales were 1.5 percent in February, the series’ weakest growth since November 2009. Auto sales increased 0.3 percent and over the past 12 months, retails sales excluding autos are up 1.3 percent. Contributing to the monthly gains in total sales were sporting goods and hobbies (up 2.5 percent), nonstore retailers (up 1.2 percent), clothing and accessories, and building materials (both up 0.3 percent). Sectors that saw the largest declines in February were general merchandisers (down 0.3 percent), food and beverages (down 0.2 percent), and electronics and appliances (0.2 percent). A less-volatile indicator of sales growth, “core” retail sales (which excludes sales of autos, building supplies, and gas stations) increased 0.3 percent in February, while year-over-year core retail sales are up 2.3 percent.