US Retail Sales Tumble In February

For some ever-optimistic reason, analysts were expecting a 0.2% MoM rise in retail sales in February.

It did not – instead plunging 0.5% MoM, far worse than the weakest estimate and the biggest drop since Dec 2018’s collapse…

• Retail sales ex-auto dealers, building materials and gasoline stations fell 0.1% in Feb.

• Retail sales ‘control group’ unchanged m/m in Feb.

Year-over-year, headline retail sales remain in positive growth but slowed to +4.0% YoY in February…

 

Sales on everything was down except:

• Food and beverage stores 0.0%

• Sporting goods, hobby and book stores +0.1%

• Miscellaneous stores retailers +1.4%

• Internet retailers +0.7%

Wait until March hits!!