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March 16, 2022US RETAIL SALES, FEBRUARY 2022 Month over month (February 2022 vs January 2022, seasonally adjusted)
The US Census Bureau announced today that the advance estimates of U.S retail and food service sales increased 0.3% ($2.0 billion) to $658.1 billion. Excluding food services and drinking places, retail trade sales increased 0.04% ($0.2 billion) while food service and drinking place month-over-month receipts increased 2.5% ($1.8 billion).
Year-over-year (February 2022 vs February 2021, seasonally adjusted)
The United States Retail Trade and Food Services increased 17.6% ($98.6 billion). Retail trade increased 15.9% ($80.2 billion) and food services and drinking places sales increased 33.0% ($18.4 billion).
Year-to-date (Jan-Feb 2022 vs Jan-Feb 2021, seasonally adjusted)
The United States Retail Trade and Food Services increased 15.8% ($179.2 billion) to $1,314.2 billion. Retail trade increased 14.2% ($145.7 billion) and food services and drinking places sales increased 29.8% ($33.5 billion).
Sector Analysis
Sales were up in 12 of 13 retail categories, the fastest gains (in percentage terms) being reported in gas stations (+35.3%). Sales declined in electronics (-0.2%).
Source: US Census Bureau. retrieved from FRED, Federal Reserve Bank of St. Louis
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