United States Retail Sales Mom
Feb 28, 2023
Apr 14, 2023
Time to Release
19 Days 15 Hours
Retail sales report in the US provides aggregated measure of sales of retail goods and services over a period of a month. There are thirteen major types of retailers: Motor vehicle & parts dealers (around 20 percent of total sales), Food & beverage stores (13%), General merchandise stores (12.5%), Food services & drinking places (11%), Gasoline stations (10%), Nonstore retailers (9.2%), Building material & garden dealers (6%), Health & personal care stores (6%), Clothing & clothing accessories stores (5%), Miscellaneous store retailers (2.3%), Furniture stores (2%), Electronics & appliance stores (2%) and Sporting goods, hobby, book & music stores (1.7%).
Retail sales in the US were down 0.4% month-over-month in February of 2023, compared to market forecasts of a 0.3% fall, and following an upwardly revised 3.2% surge in January which was the biggest gain since March of 2021. The biggest decreases were seen in sales at furniture stores (-2.5%), food services and drinking places (-2.2%), miscellaneous retailers (-1.8%), motor vehicles and part dealers (-1.8%), clothing stores (-0.8%), gasoline stations (-0.6%). In contrast, increases were seen in nonstore retailers (1.6%), health (0.9%), food and beverages stores (0.5%), general merchandise stores (0.5%) and electronics and appliances (0.3%). Excluding autos, sales were down 0.1% and excluding gas and autos, sales were flat. On the other hand, the so-called core retail sales which exclude automobiles, gasoline, building materials and food services and relate more with the consumer spending component of GDP, increased 0.5%. Retail sales aren’t adjusted for inflation.
United States Retail Sales Mom History
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