Retail Sales
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U.S. Feb. clothing store sales fall 1.8%
U.S. Feb. gasoline sales up 1.2% on higher prices
U.S. Jan. retail sales unrevised at 0.0%
U.S. Feb. general merchandise store sales fall 0.6%
U.S. Feb. auto sales up 0.9%
U.S. Feb. retail sales ex-autos, ex-gas down 0.3%
U.S. Feb. retail sales ex-autos fall 0.1% vs. +0.2% expected
U.S. Feb. retail sales up 0.1% vs. 0.2% expected
ECONOMIC REPORT:Retail sales remain weak in February; Outside cars and gas, sales drop at fastest rate in 3 years
By Rex Nutting, MarketWatch Last Update: 8:46 AM ET Mar 13, 2007
WASHINGTON (MarketWatch) -- U.S. retail sales stayed soft in February, rising just 0.1% after no gain in January, the Commerce Department reported Tuesday.
Sales were led by a solid 0.9% rise in auto sales and a 1.2% rise in gasoline station sales, which was boosted by higher prices at the pump.
Sales elsewhere were weak.
Sales excluding autos fell 0.1%, the first decline since October. And excluding both cars and gasoline sales, retail sales fell 0.3%, the largest decline since April 2004.
Sales were weaker than economists' expectations for 0.2% gains for both overall sales and for sales excluding autos.
Total retail sales were up 3.2% compared with February 2006. The figures are not adjusted for price changes.
Sales at general merchandise stores dropped 0.6%, the biggest decline since June 2004, led by a 1.6% drop in sales at department stores.
Despite the tepid retail sales so far this quarter, economists are looking for inflation-adjusted consumer spending to grow about 3% in the first quarter over the fourth quarter's average. In December, retail sales jumped 1.2%, bringing first-quarter sales a good head start compared with the fourth-quarter average.
Retail sales account for about half of consumer spending, which in turns accounts for about two-thirds of final sales in the economy.
The report is likely to raise a few eyebrows at the Federal Reserve, which meets in a week to discuss interest-rate policy. No change is expected in the Fed's 5.25% overnight lending rate at the meeting.
Fed officials have noted the slowing economy, but have maintained confidence that consumer spending would hold up despite the collapse of the housing market. They still judge that higher inflation remains a greater risk to a stable economy than slower growth.
Details
In February, sales at the mall were weak, as reported earlier by retail chains. Sales at clothing stores dropped 1.8%, the biggest drop since September 2005 when hurricanes disrupted spending. Sales at leisure-time activity stores - such as books, hobbies and sporting goods - fell 0.8%.
Sales at nonstore retailers, such as catalogs and online stores, rose 2.8%, the biggest gain in nine months.
Sales at food and beverage stores rose 0.6%. However, sales at restaurants and bars dropped 1.2%, the biggest drop since September 2003.
Sales at health-care and personal-care stores were flat.
Sales of durable goods were soft outside the auto sector, reflecting slower home sales. Sales at building materials and garden stores fell 1.4%, sales at furniture stores dropped 1.7%, and sales at electronics and appliance stores fell 0.3%.
U.S. Feb. clothing store sales fall 1.8%
U.S. Feb. gasoline sales up 1.2% on higher prices
U.S. Jan. retail sales unrevised at 0.0%
U.S. Feb. general merchandise store sales fall 0.6%
U.S. Feb. auto sales up 0.9%
U.S. Feb. retail sales ex-autos, ex-gas down 0.3%
U.S. Feb. retail sales ex-autos fall 0.1% vs. +0.2% expected
U.S. Feb. retail sales up 0.1% vs. 0.2% expected
ECONOMIC REPORT:Retail sales remain weak in February; Outside cars and gas, sales drop at fastest rate in 3 years
By Rex Nutting, MarketWatch Last Update: 8:46 AM ET Mar 13, 2007
WASHINGTON (MarketWatch) -- U.S. retail sales stayed soft in February, rising just 0.1% after no gain in January, the Commerce Department reported Tuesday.
Sales were led by a solid 0.9% rise in auto sales and a 1.2% rise in gasoline station sales, which was boosted by higher prices at the pump.
Sales elsewhere were weak.
Sales excluding autos fell 0.1%, the first decline since October. And excluding both cars and gasoline sales, retail sales fell 0.3%, the largest decline since April 2004.
Sales were weaker than economists' expectations for 0.2% gains for both overall sales and for sales excluding autos.
Total retail sales were up 3.2% compared with February 2006. The figures are not adjusted for price changes.
Sales at general merchandise stores dropped 0.6%, the biggest decline since June 2004, led by a 1.6% drop in sales at department stores.
Despite the tepid retail sales so far this quarter, economists are looking for inflation-adjusted consumer spending to grow about 3% in the first quarter over the fourth quarter's average. In December, retail sales jumped 1.2%, bringing first-quarter sales a good head start compared with the fourth-quarter average.
Retail sales account for about half of consumer spending, which in turns accounts for about two-thirds of final sales in the economy.
The report is likely to raise a few eyebrows at the Federal Reserve, which meets in a week to discuss interest-rate policy. No change is expected in the Fed's 5.25% overnight lending rate at the meeting.
Fed officials have noted the slowing economy, but have maintained confidence that consumer spending would hold up despite the collapse of the housing market. They still judge that higher inflation remains a greater risk to a stable economy than slower growth.
Details
In February, sales at the mall were weak, as reported earlier by retail chains. Sales at clothing stores dropped 1.8%, the biggest drop since September 2005 when hurricanes disrupted spending. Sales at leisure-time activity stores - such as books, hobbies and sporting goods - fell 0.8%.
Sales at nonstore retailers, such as catalogs and online stores, rose 2.8%, the biggest gain in nine months.
Sales at food and beverage stores rose 0.6%. However, sales at restaurants and bars dropped 1.2%, the biggest drop since September 2003.
Sales at health-care and personal-care stores were flat.
Sales of durable goods were soft outside the auto sector, reflecting slower home sales. Sales at building materials and garden stores fell 1.4%, sales at furniture stores dropped 1.7%, and sales at electronics and appliance stores fell 0.3%.
- Mensagens: 1620
- Registado: 17/11/2005 1:02
Análisis del dato de ventas al por menor.
Las ventas al por menor suben 0,1 %s EN EL MES DE ENERO frente a plano el mes anterior. Esta cifra queda netamente por debajo de lo esperado que era una subida del 0,3 %s.
Pero los operadores se fijan sobre todo en el dato sin coches, que ha quedado en bajada de 0,1 %s frente a la subida de +0,2 %s revisada del mes anterior.
Un dato realmente malo, porque ya el dato del mes anterior sin coches se revisa una décima a la baja, pero además este sale muy por debajo de previsiones que era de +0,3 %s.
Esta es la primera bajada del dato sin coches desde octubre.
Para evitar todo tipo de distorsiones algunos operadores quitan coches y además gasolina, que es otra volátil partida, pues bien si lo hacemos tenemos un dato peor aún de bajada de 0,3 %s y ojo sería el peor dato desde abril del 2004, creo que con esto está todo dicho.
Dato por tanto realmente malo, y este no es dato a tomar a la ligera porque el gasto del consumidor lo es todo en esta economía y está claro que se está ralentizando más de la cuenta. Dato malo e inquietante.
Cifra por tanto mala para bolsas y dólar y bueno para los bonos.
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- Mensagens: 3299
- Registado: 8/2/2006 17:32
Retail Sales
12:30
Economic Data (US, Feb): Advance Retail Sales out at 0.1% vs. 0.3% exp. 0.0% prior. Retail Sales Less Autos out at -0.1% vs. 0.3% exp. 0.3% prior
not good
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- Mensagens: 3299
- Registado: 8/2/2006 17:32
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