Details:
Sales were down in four of nine subsectors and were led by decreases at motor vehicle and parts dealersMotor Vehicle and Parts Dealers:
Overall sales decreased by -2.6% in February.
All four store types within this subsector saw declines.
New car dealers led the drop with a -3.0% decrease, marking a second consecutive monthly decline.
Automotive parts, accessories, and tire retailers also fell by -1.6%.
Gasoline Stations and Fuel Vendors:
Sales increased by +0.3% in February, marking the fifth consecutive monthly gain.
In volume terms, sales rose +0.8%.
Core retail sales ex Auto details:
Core Retail Sales:
Increased +0.5% in February.
Food and Beverage Retailers:
Sales rose +2.8%, driving much of the core retail growth.
Supermarkets and other grocery retailers (excluding convenience stores) increased +3.7%, rebounding from a -3.2% decline in January.
Beer, wine, and liquor retailers contributed with a +2.3% increase.
General Merchandise Retailers:
Sales were up +1.2% in February.
Furniture, Home Furnishings, Electronics, and Appliances Retailers:
Experienced the largest decline among core retail categories with a -2.9% decrease
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