Retail Sales Data Shows Healthy Consumer Activity
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Despite concerns about the higher payroll tax, consumer retail activity was robust in February, according to the latest data from the U.S. Census Bureau. Advance monthly sales retail sales rose 1.1 percent in February, versus an expected gain of just 0.5 percent. Excluding-auto sales, retail sales rose 1 percent.
Total sales for the December 2012 through February 2013 period were up 4.5 percent from the same period a year ago. The December 2012 to January 2013 percent change was revised from +0.1 percent to +0.2 percent.
Retail trade sales were up 1.3 percent from January 2013 and 4.7 percent above last year. Nonstore retailers were up 15.7 percent from February 2012 and auto and other motor vehicle dealers were up 8.8 percent from last year.
Gasoline stations showed a rise of 5 percent from January, while Sporting goods, hobby, book & music stores saw a decline of 0.9 percent.
Total sales for the December 2012 through February 2013 period were up 4.5 percent from the same period a year ago. The December 2012 to January 2013 percent change was revised from +0.1 percent to +0.2 percent.
Retail trade sales were up 1.3 percent from January 2013 and 4.7 percent above last year. Nonstore retailers were up 15.7 percent from February 2012 and auto and other motor vehicle dealers were up 8.8 percent from last year.
Gasoline stations showed a rise of 5 percent from January, while Sporting goods, hobby, book & music stores saw a decline of 0.9 percent.
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