Thursday March 14th, 2013 - 11:49AM
The United States Census Bureau has released its advance estimates of U.S. retail and food services sales for February. According to the bureau, adjusted retail and food service sales reached approximately $421.4 billion, an increase of 1.1% from the previous month and 4.6% from the 2012 month.
Retail trade sales were up approximately 1.3% from January 2013 and approximately 4.7% from February last year.
Adjusted sales at general merchandise stores, including department stores, warehouse clubs and discount stores, advance to $52.1 billion in February from $51.87 billion in January but were below the $52.93 billion recorded in February 2012. Sales at Furniture and Home Furnishings stores fell in February to $8.02 billion from $8.15 billion in January, but this year’s monthly sales exceeded those in February 2012, which came in at $7.89 billion. Electronics stores saw sales fall sequentially to $8.29 billion from $8.31 billion in January but rise versus February 2012, when they were $8.25 billion. Sales at Non-Store Retailers were up to $40.19 billion from $39.57 billion in January and $34.74 billion in February 2012.
Adjusted sales, said the Census Bureau, take seasonal variation and for holiday and trading day differences into account, but not price changes.