FXstreet.com (Barcelona) - Retail sales have decreased lower than expected in the United States in February on the back of a large decrease on autos and parts sales, according to the latest report by the Commerce Department.
Retail sales have declined 0.6% in February, instead of the 0.2% increase expected by the market analysts, excluding sales of cars and parts, retail sales have gone 0.2% down in February. On the year, retail sales have increased 2.4%.
Sales of vehicles, the largest negative contributors, have posted a 1.9% decline on the month. Sales on gas stations have decreased 1.0%, excluding gas stations, sales for all other products have declined 0.5%. Sales for building material and garden equipment have declined 0.7% and sales for furniture have dropped 0.5%.