Thursday, March 12, 2009

Retail Sales for February show signs of life

Retail Sales, seasonally adjusted, were down by 0.11% in February compared to January.  However, they are up 1.71% from the lows reached in December 2008.  Year over year, Retail Sales are down 8.04% compared to a year ago.  This is an improvement from being down 10.58% in December 2008. 

Excluding auto sales, retail sales increased in February by 0.75% compared to January.  Year over year, retail sales are down 4.25% compared to being down 6.98% in December 2008.

Retail Sales are still at historical lows in terms of year over year growth, but the last two months have bounced off the lows reached in December.




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