U.S. Retail & Food Services Sales Report for February 2006

The Commerce Department this morning released advanced estimates of U.S. retail and food services sales for February, 2006:

Consensus: -0.9%
Actual: -1.3%

Minus Auto Sales
Consensus: -0.5%
Actual : -0.4%

The above percentages represent the month-to-month change in total sales receipts for retailers that sell both durable and non-durable goods.

The "consensus" is what economists were expecting, while the "actual" is the actual or real figure.

Here's a snippet from today's Commerce Department report:

"The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for February, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $362.3 billion, a decrease of 1.3 percent (±0.7%) from the previous month, but up 6.7 percent (±0.8%) from February 2005. Total sales for the December 2005 through February 2006 period were up 7.3 percent (±0.5%) from the same period a year ago. The December 2005 to January 2006 percent change was revised from +2.3 percent (±0.7%) to +2.9 percent (±0.4%).

Retail trade sales were down 1.3 percent (±0.8%) from January 2006, but were 6.7 percent (±0.8%) above last year. Building material and garden equipment and supplies dealers were up 20.5 percent (±2.0%) from February 2005 and sales of gasoline stations were up 17.7 percent (±3.0%) from last year."

Click here to view the full report.

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