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!!