Advance Monthly Sales for Retail and Food Services, February Report.
Advance estimates of U.S. retail and food services sales for February 2024, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $700.7 billion, up 0.6 percent (±0.5 percent) from the previous month, and up 1.5 percent (±0.7 percent) above February 2023. Total sales for the December 2023 through February 2024 period were up 2.1 percent (±0.5 percent) from the same period a year ago. The December 2023 to January 2024 percent change was revised from down 0.8 percent (±0.5 percent) to down 1.1 percent (±0.4 percent).
Of course the previous 2 months were revised downward...
The result in inflation adjusted sales, looked like this...
Since the pre-covid timing, the inflation report...
The average for the monthly sales starting from March 2021...
The trend is undeniably downward.
It's not all gloom and doom, as there are areas seemingly on the uptick. Read the report and download the data, to see those areas.
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