Retail Sales Rebound in February

The Census Bureau's Advance Retail Sales Report for February revealed a 0.6% rebound in headline sales from January, the largest monthly rise in consumer spending since September. The latest increase, however, was lower than the anticipated 0.8% monthly growth.

For an inflation-adjusted perspective on retail sales, take a look at our Real Retail Sales commentary.

Retail Sales Month Over Month

Here is the introduction from today's report:

Advance estimates of U.S. retail and food services sales for February 2024, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $700.7 billion, up 0.6 percent (±0.5 percent) from the previous month, and up 1.5 percent (±0.7 percent) above February 2023. Total sales for the December 2023 through February 2024 period were up 2.1 percent (±0.5 percent) from the same period a year ago. The December 2023 to January 2024 percent change was revised from down 0.8 percent (±0.5 percent) to down 1.1 percent (±0.4 percent).

Retail trade sales were up 0.6 percent (±0.5 percent) from January 2024, and up 0.8 percent (±0.5 percent) above last year. Nonstore retailers were up 6.4 percent (±1.6 percent) from last year, while food services and drinking places were up 6.3 percent (±2.1 percent) from February 2023.