US retail sales up by 0.2% in February
(Source: baha news)
Seasonally adjusted advance estimates of retail and food services sales in the United States saw a monthly increase of 0.2% to reach $722.7 billion in February, the US Census Bureau revealed in its report on Monday. The retail and food services sales advanced by 3.1% annually.
Total sales for the quarter ending in February increased by 3.8% compared to the same period in the previous year.
Meanwhile, retail trade sales climbed by 0.5% on a monthly basis and by 4.2% on an annual basis. Food and beverage stores were up 3.9% year-over-year, while nonstore retailers jumped 6.5%.