Arab Today, arab today us retail sales dip in february
Last Updated : GMT 05:18:28
Arab Today, arab today
Arab Today, arab today

US retail sales dip in February

Arab Today, arab today

Arab Today, arab today US retail sales dip in February

Us retail sales and food service sales slipped 0.1% in February
Washington - AFP

US retail sales dipped in February and were revised sharply lower in January, the Commerce Department said Tuesday in a report reflecting falling gasoline prices and lower auto sales.

Retail sales and food service sales slipped 0.1 percent in February month-over-month, mainly dragged lower by a 4.4 percent drop in gasoline sales, according to the data which is not adjusted for price changes.

January's sales were revised to a 0.4 percent decline from a 0.2 percent gain.

The back-to-back monthly decline in retail sales pointed to some weakness in consumer spending, the main driver of the US economy that accounts for two thirds of activity.  

A number of businesses registered declining sales in February, including moter vehicles and parts, down 0.2 percent; furniture 0.5 percent; grocery stores 0.3 percent and department stores 0.4 percent. Online sales dip 0.2 percent.

Stripping out auto and parts sales, retail sales were down 0.1 percent.

Consumers spent more at restaurants and bars, where sales rose 1.0 percent, and on sporting goods, music, clothing and building material and garden supplies.

February retail sales were up 3.1 percent from a year ago. That was "the best growth in a year, although severe weather restrained sales last year," said Scott Hoyt of Moody's Analytics.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us retail sales dip in february Arab Today, arab today us retail sales dip in february

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us retail sales dip in february Arab Today, arab today us retail sales dip in february

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday