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MNI BRIEF: U.S. Sales Set For February Drift After Snow Storms

LONDON (MNI)

US retail sales are set to slip in February as snow storms across the country kept many consumers at home. However, with parts of the country reopening, the vaccination programme picking up pace and the December stimulus checks landing, there was some support coming into the traditionally weak month for spending, industry experts explain in MNI latest Reality Check.

Sales rebounded sharply in January, up 5.3% after falling by 1.0% in December. Excluding motor vehicles, retail sales surged by 5.9%. In February, analysts are looking for a renewed decline in sales, with the median expectation pointing to a m/m decline of 0.4%. The data is due at 1230GMT Tuesday.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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