by Calculated Danger on 3/15/2023 08:42:00 AM
On a month-to-month foundation, retail gross sales had been down 0.4% from January to February (seasonally adjusted), and gross sales had been up 5.4 % from February 2022.
From the Census Bureau report:
Advance estimates of U.S. retail and meals companies gross sales for February 2023, adjusted for seasonal variation and vacation and trading-day variations, however not for value modifications, had been $697.9 billion, down 0.4 % from the earlier month, however up 5.4 % above February 2022. … The December 2022 to January 2023 % change was revised from up 3.0 % to up 3.2 %.
emphasis added
Click on on graph for bigger picture.
This graph exhibits retail gross sales since 1992. That is month-to-month retail gross sales and meals service, seasonally adjusted (whole and ex-gasoline).
Retail gross sales ex-gasoline had been down 0.4% in February.
The second graph exhibits the year-over-year change in retail gross sales and meals service (ex-gasoline) since 1993.
Retail and Meals service gross sales, ex-gasoline, elevated by 6.1% on a YoY foundation.
Gross sales in February had been barely under expectations, nonetheless, gross sales in December and January had been revised up.
