Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
U.S. retail sales growth plummeted in February, falling 3% when financial markets had expected a decline of just 0.5%. The fall, at the fastest since April when monthly sales growth bottomed out at -14.7%, was largely due to the adverse weather across much of the country. January's increase was revised higher to 7.6% (prev +5.3%), which weighed on the Feb m/m comparison..
Vehicle sales dipped 4.2% following a 5% increase in January. Excluding motor vehicle sales, retail sales were down 2.7%. Meanwhile, gas station sales saw relative strength through the month, growing 3.6% and excluding gas station sales, retail sales were down 3.5%.
Nearly every other category saw month-over-month declines in February, save for food and beverage stores sales, which were flat through the month, and grocery store sales, which were up 0.1%.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.