Published: Thu, March 15, 2018
Business | By Tara Barton

NRF: Retail sales look fine on a wider look

NRF: Retail sales look fine on a wider look

The results indicate consumer spending, the biggest part of the economy, is easing after rising at a 3.8% annualized pace in the fourth quarter, the fastest in more than a year.

NRF's numbers are based on data from the U.S. Census Bureau, which said overall February sales - including automobiles, gasoline and restaurants - were down 0.1% seasonally adjusted from January but up 4% year-over-year.

This marks the third straight month Commerce has reported a sequential decline in monthly retail sales. "With consumer confidence and employment growing, economic fundamentals are favorable for spending to expand in the coming months".

February's retail performance was something of a disappointment, especially when including auto sales, considering that economists polled by Reuters had expected a 0.3% percent for last month and a 4% year-over-year rise.

Coinbase UK granted e-money license, enables Faster Payments Scheme
We are happy to announce that Coinbase has received an e-money license from the Financial Conduct Authority (FCA) in the UK. It requires Coinbase's e-money operations to meet the strict rules enforced by the FCA and the Payment Services Directive.

Sporting goods stores were down 3.4 percent year-over-year but up 2.2 percent from January seasonally adjusted.

"Month-to-month trends are really hard to interpret, because seasonal factors can cause biases". The December 2017 to January 2018 percent change was revised from down 0.3 percent to down 0.1 percent.

"What's going on in furniture and home building material, as well as electronics and appliances, is reflecting the activities in the housing market", Kleinhenz told Observer. However, the result was still 4% higher compared with result of previous year. "So those categories are often correlated". Without vehicle sales included in the equation, total retail sales were actually up for the month by 0.2 percent.

Sales for existing homes grew by 2.6 percent in 2017 from 2016, according to the National Association of Realtors, continuing an upward trend since 2009. Gasoline station sales are up 7.9% since February 2017.

Like this: